Dow Jones closes above 50,000 for the first time

The Dow Jones blew past the historic 50,000 mark on Wall Street on Friday and the S&P 500 ended sharply higher, as Nvidia and other chipmakers soared.But Amazon tumbled after the cloud ⁠heavyweight forecast a sharp increase inspending on AI infrastructure.Amazon dropped 5.6% after saying it planned a more than 50% jump in capital expenditures this year, intensifying a race to dominate AI technology and following a similar announcement from Alphabet on Wednesday.However, chip stocks rallied on expectations t ...