Dow closes above 40,000 for first time ever
By Nicole Goodkind, CNN
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The Dow Jones Industrial Average hit 40,000 for the first time amid renewed investor hopes for a "soft landing" for the U.S. economy after a promising inflation report.
The stock market's advance has been fueled by bets the Federal Reserve will be able to cut interest rates this year.
(Bloomberg) — The world’s largest stock market hovered near its all-time highs, with the Dow Jones Industrial Average touching the historic 40,000 mark on bets that rate cuts will keep powering Corporate America. Following a series of small twists and turns, equities closed slightly lower as traders digested the gains of the past few weeks.…
(Bloomberg) — The world’s largest stock market hovered near its all-time highs, with the Dow Jones Industrial Average touching the historic 40,000 mark on bets that rate cuts will keep powering Corporate America. Following a series of small twists and turns, equities closed slightly lower as traders digested the gains of the past few weeks.…