The Dow's road to 40,000 in one chart
Publishing timestamp: 2024-05-16 12:01:08
Summary
The Dow Jones Industrial Average broke above 40000 for the first time, with investors optimistic about the potential of artificial intelligence boosting corporate profits and the Federal Reserve possibly cutting rates later this year. The journey to this milestone has been a long and winding road, with various factors impacting the index's trajectory over the past few years.
Sentiment: POSITIVE
Tickers: .DJI,
Keywords: investment strategy, dow jones industrial average, breaking news: markets, business news, markets, stock markets, wall street,
Source: https://www.cnbc.com/2024/05/16/dow-40000-how-it-got-here-chart.html