The Dow soared by 1,200 points on Friday to top 50,000 for the first time as chipmakers and airlines fueled a ferocious stock market rebound

The Dow Jones Industrial Average surged 1,100 points and topped 50,000 for the first time as the U.S. stock market stormed back to recover much of its losses from earlier in the…

The moves come after the major averages bounced back Friday from sizable losses suffered earlier in the week.