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Dow hits 40,000 for first time
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The Dow Jones Industrial Average crossed 40,000 for the first time ever and is on pace for its 19th record close as investors celebrate solid earnings and a slight easing of consumer inflation last month. It will mark the third 1,000 point milestone of 2024.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| I:DJI | DOW JONES AVERAGES | 39973.82 | +65.82 | +0.16% |
| WMT | WALMART INC. | 63.20 | +3.35 | +5.61% |
The Dow has gained about 6% this year and a strong quarter from the nation’s largest retailer, Walmart, helped propel gains on Thursday. It closed above 30,000 on Nov. 24, 2020.
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Dow Jones Industrial Average
Goldman Sachs has added the most points since 30,000, while 3M Co. has subtracted the most, as tracked by Dow Jones Market Data Group.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| GS | THE GOLDMAN SACHS GROUP INC. | 466.09 | +7.62 | +1.66% |
| MMM | 3M CO. | 101.24 | +1.16 | +1.16% |
Other notable contributors include Microsoft, UnitedHealth and Caterpillar.
Road to Dow 40,000 (Dow Jones Market Data )
Still, the 30-member index is trailing the S&P 500 and tech-heavy Nasdaq, which are also trading at new records.
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Both indexes have risen about 11% this year as 77% of companies have exceeded profit estimates this season.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| SP500 | S&P 500 | 5317.07 | +8.92 | +0.17% |
| I:COMP | NASDAQ COMPOSITE INDEX | 16769.978662 | +27.59 | +0.16% |
Google and Nvidia are trading at record highs. The chipmaker’s highly anticipated earnings report is set for May 22.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| GOOGL | ALPHABET INC. | 172.51 | +2.17 | +1.27% |
| NVDA | NVIDIA CORP. | 946.30 | +32.74 | +3.58% |
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