Dow Jones Industrial Average hits 40,000 for the 1st time

May 16, 2024 · Dow Jones Industrial Average hits 40,000 for the 1st time. The Dow is now up about 6% so far this year. ... The Dow Jones Industrial Average crossed 40,000 for the first …

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Dow Jones Industrial Average Hits 40,000 For The 1st Time

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May 16, 2024 · Dow Jones Industrial Average hits 40,000 for the 1st time. The Dow is now up about 6% so far this year. ... The Dow Jones Industrial Average crossed 40,000 for the first …

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What happened to the Dow Jones industrial average?

The Dow Jones Industrial Average crossed 40,000 for the first time in history on Thursday. This is a significant and symbolic milestone for the index that tracks 30 of the most valuable publicly traded companies in the U.S. The Dow is now up about 6% so far this year. By the end of trading on Thursday, the Dow had fallen below 40,000. ...

How long did it take the Dow Jones industrial average to reach 40000?

The Dow Jones Industrial Average climbed above 40000 for the first time today before closing a bit below 39900. It was a long road to 40000. The Dow, which closed its first session—May 26, 1896—at 40.94, took almost 103 years to reach 10000 in March 1999. ...

Why did the Dow Jones industrial average break the 40,000 threshold?

The Dow Jones Industrial Average broke past the 40,000 threshold Thursday for the first time ever, fueled by an encouraging inflation report. The blue-chip index briefly crossed the key threshold in morning trading before falling back below the line in the afternoon to close at 39,869, down 38 points, or 0.1%. ...

Why did the Dow Jones industrial average cross 40000?

The Dow Jones Industrial Average crossed 40000 for the first time, a milestone that appeared implausible a little more than two years ago when the Federal Reserve began raising interest rates to cool an overheated economy. Gloom and doom forecasts abounded. ...

Who contributed to the Dow Jones industrial average's rally over the past year?

Among the biggest contributors to the widely watched index’s rally over the past year have been Microsoft and Goldman Sachs. The Dow Jones Industrial Average closed above 40,000 on Friday, the first time it ended a trading session above the milestone. ...

What if the Dow finished above 45,000?

Had the Dow finished above 45,000, it would have marked just 13 trading days since it cleared the 44,000 level on Nov. 11, according to Dow Jones Market Data. That would’ve been the third fastest 1,000 point milestone on record, but represent a gain of just 2.2%. ...