Dow closes above 50K for the first time in history

The Dow Jones Industrial Average closed above 50,000 points for the first time in the 140-year history of the stock index. The Dow gained more than 1,200 points Friday, rising 2.5 percent to close at 50,115 points. The S&P 500 index rose 2 percent on the day, and the Nasdaq composite closed with a gain…