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Dow Nears 50,000 After Volatile Rally, Outlook Turns Cautious
As the Dow nears 50,000, strategists warn stretched valuations and policy risks could raise volatility.
US stocks climbed toward Dow 50,000 after a volatile, narrow rally driven by mega cap gains, easing inflation fears, and resilient earnings. Strategists warn the path ahead could be rougher as valuations stretch, rate cuts face uncertainty, and leadership remains concentrated. Any growth slowdown, policy surprise, or earnings disappointment could trigger sharper swings, prompting investors to reassess risk, diversification, and return expectations in coming months.