U.S. stocks were mixed on Monday, with tech stocks climbing and the Dow hovering around 40,000, a milestone it reached last week as investors increased bets cooling inflation could prompt cuts in interest rates by the Federal Reserve this year.
U.S. stocks were mixed in afternoon trading Friday, as major indexes gave back some of their earlier gains after disappointing consumer sentiment data. The Dow remained on pace to extend it's longest winning streak of the year.
The Dow hit40,000, which doesn't necessarily mean the economy is doing well. But it can speak to how certain people think and feel about the economy.
The pros weigh in on the implications of the Dow topping 40K for the first time ever.
May 17 (UPI) — The Dow Jones Industrial Average closed Friday above the record 40,000 mark for the first time in its 139-year history. The 30-stock average gained 134.21 points, or 0.3%, to close at 40,003.59. The S&P 500 rose 6.17 points, or 0.1%, to end at 5,303.27, while the Nasdaq Composit lost 12.35 points, or 0.1%, to […] The post Dow closes above 40K for first time first appeared on Gephardt Daily.
NEW YORK >>The Dow Jones Industrial Average closed today above 40,000 for the first time in history, a day after hitting that mark during trading.
Jerome Powell might want to look away from the stock market. It's making a mockery of the idea that financial conditions are sufficiently restrictive.
The move comes as investors cheer the prospects of AI boosting corporate profits and the Federal Reserve possibly cutting rates later this year.
The Dow Jones Industrial Average passing the 40,000 barrier makes for a nice headline, but market experts do not take much else from the move.
Cramer stressed how the Dow's record was propelled by stocks in a variety of sectors beyond technology, including industrials, pharmaceuticals and banks.
Yardeni Research president Ed Yardeni explains how the Fed lowering interest rates could affect the 'resilient' U.S. economy on 'Cavuto: Coast to Coast.'
The Dow Jones Industrial Average closed above 40,000 points Friday, after crossing that threshold Thursday for the first time in its 128-year history. President Joe Biden’s campaign spent the day gloating, particularly over former President Donald Trump’s prediction that the stock market would collapse under Biden. The victory lap was understandable: “Dow hits 40,000” can be added to “4% unemployment,” “15 million jobs created” and a host of other data points showing Biden’s economic record is...