Dow Jones Industrial Average surpasses 50,000, fueled by tech gains and rate cut expectations

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The Dow Jones Industrial Average surpassed 50,000 for the first time, driven by tech sector gains and anticipated interest rate cuts. This milestone was fueled by a rotation into real estate investment trusts and other sectors, as investors anticipate lower borrowing costs and increased capital expenditure in AI. However, potential risks include AI-induced layoffs and labor market weakness, which could temper the market's upward momentum despite the record highs.


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