The Dow Jones Industrial Average breaks through the 50,000 mark! Trump boasts: Achieved the goal three years ahead of schedule, will reach 100,000 points by the end of his term

U.S. stocks rebounded strongly on Friday, with the Dow Jones Industrial Average historically breaking through the 50,000-point mark, achieving the largest single-day gain since May of last year. Trump quickly attributed this milestone to his tariff policy and predicted that the Dow would reach 100,000 points before the end of his term.

On Saturday, Trump posted on Truth Social that, experts had predicted that if he could push the Dow to 50,000 points by the end of his term, it would be considered an outstanding performance, but he achieved this goal three years ahead of schedule. He urged voters to remember this during the midterm elections and warned that the Democrats would "destroy the economy."

The former president attributed the new record for the Dow to "great tariffs," claiming they drove record stock market performance and national security. In a subsequent post, he wrote, "I predict the Dow will reach 100,000 points before my term ends. Remember, Trump is right about everything! I hope the U.S. Supreme Court is watching." The latter refers to the Supreme Court's upcoming decision on the legality of imposing comprehensive tariffs on foreign goods.

Tech Stocks Lead the Charge in U.S. Stock Market Rebound

The Dow Jones Industrial Average soared 1,206 points on Friday, up 2.5%, closing at 50,115.67 points, leading the major indices. The S&P 500 index rose by 2%, and the Nasdaq index jumped 2.25%.

Strong performance from chip manufacturing companies drove this rebound. Nvidia surged 7.8%, narrowing its losses for the week, while Broadcom soared 7.1%. These stocks contributed significantly to the gains in the S&P 500 index, as investors bet that customers would continue to invest in artificial intelligence technology.

Amazon CEO Andy Jassy stated on Thursday evening that the company expects to invest about $200 billion this year to seize "major opportunities in artificial intelligence, chips, robotics, and low Earth orbit satellites." Google's parent company Alphabet also announced it would increase its investment in artificial intelligence technology.

However, earlier this week, U.S. stock investors faced significant pressure, with the Nasdaq index declining for three consecutive trading days, and software stocks and some tech giants related to artificial intelligence experiencing sharp declines. Friday's strong rebound marked a significant shift in market sentiment, with tech stocks recovering most of their losses from the week. This was the best single-day trading performance for U.S. stocks since May of last year