Khaberni - U.S. stocks rose, Friday, as tech company shares recovered after several days of heavy selling in the sector, and Bitcoin rebounded after a sharp drop that caused the famous digital currency to lose more than 50%.
The Dow Jones Industrial Average rose by 1184 points, or 2.47%, surpassing the 50,000 point level for the first time in its history. The Standard & Poor's 500 Index jumped by 1.97%, while the Nasdaq Composite Index was up 2.18%.
U.S. President Donald Trump said via «Truth Social»: «The Dow Jones Industrial has reached 50,000 points for the first time in history. Congratulations to America!»
Nvidia and Broadcom were among the biggest gainers on Friday, with the former rising 8% and the latter 7% after sharp declines earlier in the week. Other stocks like Oracle and Palantir Technologies also rebounded, as investors reconsidered some of these stocks at lower price levels. Shares of Oracle and Palantir each rose by 4%. However, some leading software company stocks like ServiceNow - which had been at the center of the intense selling in the tech sector due to concerns over the impact of artificial intelligence on software - remained weak on Friday.
Gabriel Shaheen, founder of Falcon Wealth Planning, said: «We are currently witnessing a massive AI boom».
He added: «There is substantial investment from companies like Google, Nvidia, Meta, and Amazon. A lot of money will be pumped into the market. However, this money movement sometimes raises concerns among investors».
Shaheen believes the market is going through a «comprehensive reevaluation» phase, where investors will increasingly turn to value stocks instead of growth stocks. Over the coming months, he is betting on large-capital value stocks. This was evident on Friday, as investors flocked to buy shares in sectors like industries and financial services. In these sectors, stocks of companies like Caterpillar and Goldman Sachs stood out, helping to boost the Dow Jones' performance by rising 7% and 4% respectively. Small company stocks also saw a rebound, with the Russell 2000 Index up by 3%.
Bitcoin regained some of its losses on Friday, rising 10% to exceed $70,000 after briefly falling below $61,000 overnight, reaching its lowest level since October 2024, which represents a drop of more than 52% from its record high of $126,000 recorded in early October 2025. Friday’s rise helped alleviate some of the investment risk concerns that had recently negatively affected the market overall. However, the digital currency lost 16% this week.
Amazon was an outlier on Friday, as its shares dropped 6% after the e-commerce giant announced earnings per share slightly below analysts' expectations, and informed investors to expect $200 billion in capital expenditures this year.
