The U.S. stock market roared back, 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 jumped 2% Friday for its best day since May.
The Dow Jones Industrial Average soared roughly 1,200 points and topped the 50,000 level for the first time, while the Nasdaq composite rallied 2.2%.
Chip companies helped drive the gains on hopes for more big spending by customers diving into AI technology.
Stocks also got a boost from a better reading on sentiment among U.S. consumers.
Bitcoin rose back above $70,000.
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