Dow Jones Surges Past 48,000 for First Time, Sets 17th Record High in 2025

The Dow Jones Industrial Average rose 328 points to close above 48,000 for the first time, marking its 17th record high of the year. The gains were driven by UnitedHealth and Goldman Sachs, while IBM hit a record high after strong quarterly results. Despite concerns about an AI bubble, Futurum Group CEO Daniel Newman believes the AI boom is "very real" and that Nvidia's profits and unmatched demand make it the cornerstone of the AI revolution.