Why is US stock market surging today: Dow, S&P 500 and Nasdaq all jump big today

Dow Jones Industrial Average surged past the 50,000 mark to hit 50,393.70 on Wednesday. This record high follows a massive 130,000 nonfarm payroll gain in January. This data crushed the 55,000 jobs expected by economists. The unemployment rate also dropped to 4.3%. Investors feel very confident in the U.S. economy now. The S&P 500 rose 0.52% while the Nasdaq gained 0.51%. This rally shows the labor market is still very strong. Artificial intelligence stocks led the charge today. Vertiv (VRT) shares skyrocke ...