Dow breaks 50,000 for first time, as US stocks rally

The US stock market roared back on Friday, as technology stocks recovered much of their losses from earlier in the week and bitcoin halted its plunge, at least for now. The S&P 500 rallied 2 per cent for its best day since May. The Dow Jones Industrial Average soared 1,206 points, or 2.5 per cent, and topped the 50,000 level for the first time, while the Nasdaq composite leaped 2.2 per cent. Chip companies helped drive the widespread rally, and Nvidia jumped 7.8 per cent to trim its loss for the...