US: Dow Jones Touches 40,000 Mark For the First Time

US: Dow Jones Touches 40,000 Mark For the First Time

The US stock market index Dow Jones Industrial Average touched a high of 40,000 for the first time on May 16. This occurred as investors were hopeful of interest rate cuts by the US Federal Reserve. Recent data showed inflation is slowing down in the country. Meanwhile, strong corporate earnings also boosted investor sentiment. However, by the end of the trading session, the Dow closed slightly lower. Other American market indices, the S&P 500 and Nasdaq, also slipped. Meanwhile, Walmart shares also jumped after strong first-quarter results. All three major indices had notched record closes in the previous session after a smaller-than-expected rise in consumer prices fuelled optimism.

---

US | Dow Jones | Stock Market | Federal Reserve | Trading | Optimism | S&P 500 | Nasdaq | Investor | Interest Rate | Corporate Earning | Consumer Price | Investment | Firstpost | News Live | World News | Latest News | Global News | International News | News | Trending News

#usa #dowjones #stockmarket #federalreserve #trading #optimism #sp500 #nasdaq #investor #consumerprice #interestrate #corporateearning #investment #firstpost #newslive #worldnews #latestnews #globalnews #news #internationalnews #trendingnews

Firstpost is an Indian news and media website. Get all the incisive opinions, in-depth analyses and other visual stories that matter to you and the world right here on this channel.

Subscribe to Firstpost channel and press the bell icon to get notified when we go live.
https://www.youtube.com/@Firstpost

Follow Firstpost on Instagram:
https://www.instagram.com/firstpost/

Follow Firstpost on Facebook:
https://www.facebook.com/firstpostin/

Follow Firstpost on Twitter:
https://twitter.com/firstpost

Follow Firstpost on WhatsApp:
https://www.whatsapp.com/channel/0029Va6zOIrEQIamseyg762V

Видео US: Dow Jones Touches 40,000 Mark For the First Time канала Firstpost