The Dow Jones Industrial Average closed above 50,000 for the first time in history on Friday, while the price of Bitcoin fell to its lowest level since September 2024, according to ABC News and BBC Technology. The market surge that propelled the Dow to its record high reversed a selloff earlier in the week, with the index closing up 1,206 points, or 2.4%, ABC News reported. Meanwhile, Bitcoin dipped to $60,000 (44,000), its lowest point in 16 months, despite former President Donald Trump's public support for cryptocurrency, BBC Technology noted.
President Trump celebrated the Dow's milestone on social media, calling it "the first time in History," as reported by ABC News. The SP 500 climbed 1.9%, and the tech-heavy Nasdaq increased 2.1%. The Bitcoin drop followed months of rising prices, which saw the cryptocurrency hit an all-time high of $122,200 in October 2025, according to BBC Technology.
In other news, San Francisco schools announced they would close next week if a teachers' strike occurs, which would be the first in nearly 50 years, as reported by Fox News. The San Francisco Unified School District (SFUSD) Superintendent Maria Su made the announcement on Friday.
Additionally, talks between the United States and Iran are set to continue after a "good beginning," according to Iran's foreign minister, as reported by BBC World. The discussions, mediated in Oman, were described as "exclusively nuclear," and negotiators would return to their capitals for consultations. US officials also aimed to discuss Iran's ballistic missiles and its support for regional armed groups.
Finally, Cuba expressed its willingness to engage in talks with the United States "without pressure," according to The Guardian. Cuban President Miguel Díaz-Canel made the statement amid the island's deepening economic crisis, following months of threats from Donald Trump.
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