The Dow Jones Industrial Average surpassed 40,000 points for the first time on Thursday, the blue-chip index's fastest 10,000 point-climb, powered by strong quarterly results and rising bets of interest rate cuts by the Federal Reserve. STOCKS: The Dow was last up 0.3% at 40,029. The S&P and Nasdaq were up as well.BONDS: U.S. 10-year yields were flat at 4.356%FOREX: The dollar index was last up 0.3% at 104.49.
Dow Hits 40,000 on Earnings Boost, Rate Cut Bets: Instant View usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.
Dow Sprints Past 40K on Earnings, Rate Cut Boost newsmax.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newsmax.com Daily Mail and Mail on Sunday newspapers.
The Dow crossed the 40,000 level for
the first time on Thursday, notching a fresh all-time high and
leading Wall Street gains a day after tepid inflation data
bolstered hopes of interest-rate cuts. .