Dow sprints past 40,000-mark on earnings boost, rate-cut bets
May 16, 2024 – 7:54 AM PDT (Reuters) – The Dow Jones Industrial Average (.DJI) breached the 40,000-point level for the first time ever on Thursday, its fastest 10,000-point climb, powered by strong quarterly results and rising bets of interest-rate cuts by the Federal Reserve. Advertisement The blue-chip index surpassed […]
