Dow hits 40,000 for first time

The Dow Jones Industrial Average topped 40,000 for the first time in history and is on pace to set a record closing price for the 19th time as investors celebrated last month’s solid earnings and a slight easing in consumer inflation. There is. The company will reach its third 1,000-point milestone in 2024.

The Dow Jones Industrial Average has risen about 6% since the beginning of the year, with Thursday’s gains helped by a strong quarter from Walmart, the nation’s largest retailer. It ended on November 24, 2020 with over 30,000.

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Tracked by Dow Jones Market Data Group, Goldman Sachs added the most points after 30,000 points, and 3M Co. subtracted the most points.

Other notable contributors include Microsoft, UnitedHealth, and Caterpillar.

Still, the 30-stock index has lagged the S&P 500, which is also trading at a new record, and the tech-heavy Nasdaq.

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Both indexes have risen about 11% this year, as 77% of companies beat earnings expectations for the current period.

Google and Nvidia are trading at record highs. The chipmaker’s long-awaited earnings report is scheduled for May 22nd.