Dow Jones reaches first intraday record high since February
The Dow hit a record 50,712.24 on Friday as ceasefire talks and AI trade lifted sentiment. Strong earnings helped the index recover from its March correction.
The Dow Jones Industrial Average hit an intraday record high of 50,712.24 points on Friday. This mark surpasses the previous record of 50,512.79 set on February 10. The milestone signals a full recovery for the blue-chip index after it entered a 10% correction in March.
### Middle East Diplomacy and AI Fuel Gains Optimism regarding negotiations to end the war between the United States and Iran lifted risk appetite during the Friday session. The index rose 0.6% by afternoon, building on momentum that saw it cross the 50,000-point threshold earlier this week. B Riley Wealth chief market strategist Art Hogan said market confidence is growing as investors see a potential exit from the conflict.
