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The Dow Climbs Back Toward 50,000. Nvidia and Caterpillar Are Leading a Furious Rally.

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The Dow surged to its highest levels on record on Friday amid a frenzy of dip-buying led by an unlikely duo.

The blue-chip index was up 1,000 points, or 2.1%. The S&P 500 was up 1.6%. The Nasdaq Composite rallied 1.9%.

The Dow set a record intraday high of 49,980.29. Suddenly, Dow 50,000 is back in play.

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