Stocks Roar Back as Dow Average Hits 50,000 Mark: Markets Wrap

WATCH: “There are pressure points,” JPMorgan’s Madison Faller says. “But at the same time, some of those challenges are also opening up a lot of opportunities.”Source: Bloomberg

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By Rita Nazareth

February 5, 2026 at 10:24 PM UTC

Updated on

February 6, 2026 at 9:57 PM UTC

Stocks notched their best day since May in the wake of a technology rout fueled by worries over the billions of dollars being thrown at artificial-intelligence development. Bitcoin jumped after a 50% tumble from its peak. Silver and gold also bounced.

Following a plunge in some of Wall Street’s most-crowded trades, the S&P 500 rose 2%. The Dow Jones Industrial Average hit 50,000. An ETF tracking software firms added 3.5%. A gauge of chipmakers soared 5.7%, with Nvidia Corp.’s Jensen Huang telling CNBC demand for AI is “incredibly high.” Amazon.com Inc. sank 5.6% on plans to spend $200 billion on the technology.