^DJI Today, February 07: First Close Above 50,000 on Rebound
The Dow Jones 50,000 milestone arrived with a 2.47% surge as the ^DJI closed at 50,115.68, up 1,206.95 points. Gains were broad, with cyclicals firm and small caps and banks advancing. Sentiment improved as volatility cooled and a bitcoin rebound in BTCUSD signalled firmer risk appetite. For Australian investors, the move matters for ASX sector tone, currency sensitivity, and global equity allocations. Here is what drove the jump, the key levels that now matter, and how to position around this record close.
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