The Dow Jones Industrial Average (DJIA) recently surpassed the 40,000 benchmark setting a new record high. In recent history, the Dow's journey to 40,000 has been driven by various factors, including earnings performance, economic data as well as speculation around investor sentiment, and future federal policies including potential rate cuts. As U.S. stocks score weekly gains, the market is seeing a significant number of cheap stocks with upside as the index achieves this milestone. Companies like
Goldman Sachs and
Microsoft powered the Industrials to 40,000. However, the stock market pulled back slightly after the Dow touched 40,000 for the first time. Despite the fluctuations, optimism in the market remains as futuristics point towards a trend of continued growth for DJIA.
Nvidia earnings are in focus as a major test, with several AI stocks nearing buy points. At the same time, the expectation of a strong performance by big retailers like
Walmart is driving bullish sentiments amongst market players. It's also worth noting that the Dow's rise has resonated globally – signaling robust trends in the world economy.
Dow Stocks DOW News Analytics from Mon, 13 May 2024 21:49:26 GMT to Mon, 20 May 2024 01:34:00 GMT -
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