Dow Jones Industrial Average hits 40,000 for the 1st time

Dow Jones Industrial Average hits 40,000 for the 1st time

Dow Jones Industrial Average hits 40,000 for the 1st time

The Dow is now up about 6% so far this year.

ByElizabeth Schulze

May 16, 2024, 10:56 AM

    The Dow Jones Industrial Average crossed 40,000 for the first time in history on Thursday.

    This is a significant and symbolic milestone for the index that tracks 30 of the most valuable publicly traded companies in the U.S.

    The Dow is now up about 6% so far this year.

    The recent rally in the Dow, S&P 500 and Nasdaq has been fueled by data showing inflation is cooling, which would allow the Federal Reserve to begin its long-awaited interest rate cuts.

    MORE: Interest rates may stay high for longer. Here’s what it means for the 2024 election.

    This is a developing story, please check back for updates.

    Related Topics

    OTHER NEWS

    23 minutes ago

    Singapore Air CEO thanks staff after turbulent flight

    23 minutes ago

    Keir Starmer: I am a socialist who will put country before party

    23 minutes ago

    EU campaign officially kicks off in France; Swedish social model in the spotlight

    23 minutes ago

    Video: Chaos as Mick Molloy goes missing from his Triple M radio show and is replaced by fill-in host Merrick Watts

    25 minutes ago

    "If Luka pulls this off, he's going to be the best player in the league" – Bill Simmons drops bold claim in Luka Doncic's historic 2024 run with the Mavs

    25 minutes ago

    Eagles 'Legal Bet' of Isaiah Rodgers Paying Off Early at OTAs

    27 minutes ago

    Josh O’Connor And Cailee Spaeny Join Daniel Craig In ‘Wake Up Dead Man: A Knives Out Mystery’

    28 minutes ago

    'It's not the Orange Cap that wins you the IPL': Ambati Rayudu's subtle dig at Virat Kohli and Royal Challengers Bengaluru

    28 minutes ago

    Bucs S Jordan Whitehead talks reunion with Antoine Winfield Jr.

    28 minutes ago

    Bjorn Ulvaeus says it is ‘hard to grasp’ the legacy of Abba

    28 minutes ago

    Fears for Mick Molloy as he goes MISSING and is replaced by Merrick Watts on his Triple M show

    28 minutes ago

    Gordon Ramsay risks offending Italians as he whips up an English breakfast pizza - including baked beans - as Brits apologise for his dish

    34 minutes ago

    Luka Modric reveals he HAS made a decision on his Real Madrid future - but insists he 'can't tell' fans what it is yet as he hints 'I want a farewell like Toni Kroos'

    34 minutes ago

    Woman, 28, was brutally beaten and strangled to death by 17-year-old after laughing at him during sex, court hears

    34 minutes ago

    Luke Shaw delivers an injury update just weeks before England begin their Euro 2024 campaign as the Man United left back hits back at his critics

    34 minutes ago

    Chelsea legend Eden Hazard names his surprise pick to replace Mauricio Pochettino at Stamford Bridge, as the Blues finalise their four-man shortlist for the manager's hotseat

    34 minutes ago

    Terrifying moment United Airlines plane catches fire before takeoff at Chicago's O'Hare airport sparking travel chaos on busy Memorial Day

    35 minutes ago

    Border authority on high alert ahead of the elections

    35 minutes ago

    Parents of sports star Grayson Murray release statement confirming 30 year old took his own life

    35 minutes ago

    Band Of Brothers star hopes to honour soldiers with D-Day parachute jump

    35 minutes ago

    Kareem Abdul-Jabbar issues statement on death of Bill Walton

    35 minutes ago

    This 'tiny jewel' in the Mediterranean is Europe’s most LGBTQ+-friendly country

    35 minutes ago

    One ASX stock to buy and one to sell

    35 minutes ago

    Bay Area cities suspend natural gas bans on new buildings

    35 minutes ago

    ACCC green-lights deal for 'third player' to emerge in $33b market

    36 minutes ago

    ‘I really have just ended my career’: Houston ISD principal refuses to sign district resignation agreement

    36 minutes ago

    Asia markets range bound as ECB officials hint at rate cut, Australia retail sales on deck

    37 minutes ago

    Jim Parsons Weighs In On Possible ‘Big Bang Theory’ Sequel To Reprise Sheldon Cooper Role

    40 minutes ago

    Steve Wright successor Michael Ball says Radio 2 bosses 'hadn't considered anyone else'

    40 minutes ago

    DA leader John Steenhuisen to cast vote in KwaZulu-Natal: Here’s where

    40 minutes ago

    Salah PROBLEM, Nunez's big REGRET & Alexander-Arnold's BOLD outfit: Liverpool FC news recap

    40 minutes ago

    Meet the Cowboys Starting LBs: 'The Masked Singer,' 'The Translator' & 'The Role Model'

    40 minutes ago

    Nvidia shares are now worth more than 17 times the market cap of BHP. What's next?

    40 minutes ago

    60-Year-Old Pageant Winner Won't Advance to Miss Universe After Losing Argentina Crown but Says 'Change Is Coming'

    42 minutes ago

    Kyle Sandilands lashes out at Jackie 'O' Henderson after he catches co-host laughing at his multi-million dollar company's name

    42 minutes ago

    Video: Nicki Minaj threatens to FIRE tour DJ over photo of him signing a fan's breasts... after she was arrested in Amsterdam for allegedly 'carrying drugs'

    42 minutes ago

    Brave teenagers hailed as 'heroes' after jumping on tracks as a train hurtled towards them to prevent man killing himself

    42 minutes ago

    Has China’s CO2 emissions peaked? A 3 per cent fall in March gives reason to hope

    42 minutes ago

    Yangzijiang Shipbuilding’s order book swells to record $21.7 billion

    42 minutes ago

    US storms kill at least 21 across 4 states on Memorial Day weekend