The U.S. stock market experienced a significant surge on Friday, with the Dow Jones Industrial Average topping 50,000 for the first time, while Bitcoin prices hit their lowest level since 2024. The Dow soared 1,207 points, or 2.5%, closing at 50,115.67, and the S&P 500 jumped 134 points to close at 6,932, marking its best day since May 2025, according to CBS News. Meanwhile, Bitcoin fell to a low of $60,000 before slightly rallying, as reported by BBC Technology.
The Nasdaq Composite also climbed 491 points to 23,031, according to CBS News. The rally was fueled by broad-based buying pressure, with advancing shares outpacing decliners by over 3:1, CBS News reported. This followed a volatile week of trade, with the S&P 500 bouncing off support at the 100-day moving average and surpassing resistance at 6,900.
In other financial news, Google revealed that YouTube generated over $60 billion in revenue in 2025, encompassing advertising and paid subscriptions, as reported by BBC Business. This figure surpasses streaming rival Netflix's $45 billion revenue. Hanna Kahlert, a senior analyst at Midia Research, noted that while the announcement was significant, it was "perhaps not a surprising one," given YouTube's status as "almost infrastructural for digital natives."
In international affairs, senior U.S. and Iranian officials are set to continue discussions after talks in Oman, according to BBC World. Iranian Foreign Minister Abbas Araghchi described the discussions as a "good beginning" and "exclusively nuclear." The negotiators will now return to their respective capitals for consultations.
In Japan, the country is heading to the polls for its second general election in as many years on Sunday, according to BBC World. Prime Minister Sanae Takaichi is betting on her personal popularity to secure a clear public mandate for the Liberal Democratic Party. This is a political gamble, as her predecessor, Shigeru Ishiba, made and lost badly.
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