Dow closes above 50,000 for the first time in Wall Street comeback

Economic Outlook - Deutsche Bank economists predict subdued job growth due to tighter immigration policies, despite easing trade uncertainties and fiscal stimulus benefiting demand [3] - For January, nonfarm payrolls are expected to rise by 45,000, with private payrolls up 40,000, below consensus estimates [4] Market Performance - Wall Street experienced a bounce, with the Dow Jones rising 731 points (1.5%) to 49,640, the S&P 500 climbing 71 points (1%) to 6,869, and the Nasdaq increasing by 201 points (0.9%) to 22,742 [5] - Despite the rally, both the S&P 500 and Nasdaq are still on track for weekly losses, remaining in the red for 2026 so far [6] Technology Sector - Amazon shares opened down 9% due to a report indicating a surge in 2026 spending to at least $200 billion, while its operating income forecast fell short of expectations [7] - Google initially saw its stock fall by 7% after announcing a massive spending plan of $175–185 billion for 2026, but shares closed just 0.6% below their opening level, buoyed by a 48% growth in Google Cloud [8] - Stellantis announced a significant charge of 22 billion euros ($26 billion) as it scales back its electric vehicle ambitions, leading to a more than 25% drop in shares at the open [8]