Here's what has driven the Dow rally to 40,000, and why it ... - NBC …

May 17, 2024 · Here's what has driven the Dow rally to 40,000, and why it could keep going The 30-stock Dow, though up fractionally Friday, has risen nearly 6% in 2024 and is up more than …

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May 17, 2024 · Here's what has driven the Dow rally to 40,000, and why it could keep going The 30-stock Dow, though up fractionally Friday, has risen nearly 6% in 2024 and is up more than …

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May 18, 2024 · The 30-stock Dow, though up fractionally Friday, has risen nearly 6% in 2024 and is up more than 19% over the past year. However, it has vastly underperformed its major …

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May 18, 2024 · Here’s what has driven the Dow rally to 40,000, and why it could keep going ... The 30-stock Dow, though virtually unchanged Thursday, has risen 6% in 2024 and is up more …

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Will a rally in technology shares affect the Dow Jones?

Artificial intelligence has been a hot trend in markets. Those companies — Microsoft, Amazon, Apple, Alphabet, Meta, Nvidia and Tesla — have helped push up broader markets. Only three of those companies are in the Dow Jones index. Nonetheless a rally in technology shares can still have a spillover impact on the Dow. ...

Why did the Dow cross above 40,0000 for the first time?

Dow crosses above 40,0000 for the first time: Is it just symbolic? The Dow Jones Industrial Average stock index touched 40,000 briefly for the first time Thursday amid renewed investor hopes for a "soft landing" for the U.S. economy following a favorable inflation report. It retreated slightly at the market close, landing at 39,869. ...

Why did the Dow Jones industrial average hit a high?

The Dow Jones Industrial Average surpassed 40,000 points on Thursday for the first time ever, signaling a strong endorsement of the health of the U.S. economy. The trigger that drove the market to a historic high was new data released Wednesday showing annual inflation easing after three consecutive months of higher-than-expected reports. ...

Why did the Dow fall in 2018?

However, the Dow struggled in 2018 after the excitement around lower taxes faded, with trade tensions between China and the U.S. rising and the Federal Reserve raising interest rates. The Dow finished the year down more than 5%. In 2019, the stock market recovered as the Fed pivoted away from raising rates. ...

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 fall 5% between March & April?

The Dow Jones Industrial Average fell about 5% between the end of March and the beginning of April as economists and investors fretted over whether or not progress on inflation had stalled. The April report, which reflected the first slowdown in inflation since the beginning of the year, appears to have alleviated some of those concerns. ...