Dow tops 40,000 for 1st time. What it means for your 401(k)
The Dow Jones Industrial Average just topped 40,000 for the first time in history. Time to break out the Champagne?
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The Dow Jones Industrial Average just topped 40,000 for the first time in history. Time to break out the Champagne?
Even if the Dow's topping the 40,000 level is cause for celebration, it doesn't inherently mean much. What's more important is that it's one of the examples showing how the broader U.S. stock market is setting records.
The S&P 500's 27.5% rise for the last 12 months easily tops the 19.7% gain for the Dow.
Through its long history, the Dow Jones Industrial Average has offered a way for people to get a quick read on how Wall Street is doing.
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