Dow Jones hits 40,000 for first time in history

The Dow Jones shot up this week after the news that inflation has started to cool.

The Dow Jones Industrial Average reached a historic milestone by surpassing 40,000 points for the first time.

The index, which tracks 30 of the most valuable publicly traded U.S. companies, has seen a 6% increase so far this year.


Driving the news: Recent market gains are attributed to cooling inflation data, signaling potential interest rate cuts by the Federal Reserve.

  • The Fed had previously halted its forecast of rate cuts, but the moderation in price increases might reignite those plans.
  • The stock market rally also includes record highs in the S&P 500 and Nasdaq indexes following news of slowed inflation.
  • Major tech firms, especially those involved in artificial intelligence, have boosted the stock market rally this year.
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