Traders work on the floor of the New York Stock Exchange on Jan. 28, 2026. Spencer Platt/Getty Images
The Dow Jones Industrial Average closed above 50,000 for the first time on record during another roller-coaster week, driven by gains in large industrial and financial stocks, as investors grappled with uncertainty over the impact of artificial intelligence on technology companies and a resulting market rotation.
Supporting that rotation was evidence of a cooling labor market, which revived expectations for future Federal Reserve interest rate cuts and benefited interest rate—sensitive sectors that carry significant weight in the Dow.
