Dow closes above 50,000 for first time

Market Overview - The Dow Jones Industrial Average closed above 50,000 points for the first time, rising 1,206.95 points, or 2.47%, to finish at 50,115.67 [1][6] - The S&P 500 and Nasdaq Composite also experienced gains, increasing by 1.97% and 2.18%, respectively [1][6] - Positive market sentiment was influenced by a report from the University of Michigan indicating the lowest median 1-year inflation expectations since January 2025 [5] Sector Performance - Nine of the 11 S&P 500 sector indexes rose, with the information technology index leading with a gain of over 3.7% and the industrials index up nearly 2.7% [10] - Chip stocks, including Nvidia, Advanced Micro Devices, and Broadcom, surged by more than 7% due to expectations of increased spending on AI data centers by major companies like Amazon and Alphabet [2][4] Company-Specific Developments - Amazon's stock fell nearly 7% after announcing plans to increase capital expenditures by over 50% this year amid the AI race [4] - Concerns arose among investors regarding potential competition in the AI space affecting margins for several software companies [5]