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Dow 50,000! Tech Roars Back, AI Spending Soars, and Bitcoin Stages a Wild Comeback!
US markets staged a powerful rebound today, with the Dow Jones Industrial Average surging past 50,000 for the first time ever. Tech stocks led the charge, even as massive AI spending sparked 'bubble' concerns, while Bitcoin made a dramatic recovery from recent lows.
Tech Tumbles on AI Spending Fears, But Crypto Stages a Comeback! What's Driving Today's Wild Ride?
Global markets faced a significant downturn today, largely triggered by a broad tech sell-off as massive AI spending plans sparked 'bubble' fears. While major indices dipped, cryptocurrencies like Bitcoin and Ethereum showed surprising resilience, posting gains despite earlier volatility. Geopolitical tensions and mixed corporate earnings added to the day's complex market picture.
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