US stock market: Dow Jones hits 50000 for the first time—What drove the rally?
The US stock market clocked stellar gains on Friday, with the S&P 500 rising 2%, the Nasdaq jumping 2.25% and the Dow Jones Industrial Average hitting the 50,000 mark for the first time, reaching 50,141.06 with a jump of 2.52%. US stocks witnessed their best day since May last year, staging a sharp rebound after…