HomeAbout

TL;DR CNBC


The Dow's road to 40,000 in one chart - TL;DR CNBC

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 strategydow jones industrial averagebreaking news: marketsbusiness newsmarketsstock marketswall street

Source: https://www.cnbc.com/2024/05/16/dow-40000-how-it-got-here-chart.html


Developed by Leo Phan