The Dow Jones Industrial Average hit 50000 for the first time on Friday, the latest milestone in a yearslong run in which the U.S. economy has muscled past its rich peers and snapped up investment the world over.

Within just four years, the Dow hit another key price: 10,000. The average first touched the level on March 16, 1999. However, it took several days of choppy trading for the index to close a session above 10,000 on March 29, 1999.

Resurgent technology stocks drove the rebound after a volatile week, while bitcoin also recouped losses.

The U.S. stock market roared back, as technology stocks recovered much of their losses from earlier in the week and bitcoin halted its plunge, at least for now.

The Dow Jones Industrial Average surged 1,206.95 points, or 2.47%, to close at 50,115.67 — its first close above 50,000. The S&P 500 gained 1.97% to end at 6,932.30, while the Nasdaq Composite advanced 2.18% to 23,031.21.

The S&P and the Dow are two of the most popular bellwether indexes for the American stock market and economy. Here's how they stack up.

The Dow Jones Industrial Average surpassed 50,000 for the first time on Friday, closing up 2.47%. This historic milestone was boosted by Caterpillar's significant gains and a broader market rally beyond technology.

Major stock indexes rebounded Friday, a day after equities sank amid risk-off sentiment. Still, the Nasdaq and S&P 500 were poised to register sharp weekly losses.