05/17/2024

The Dow Jones Hits 40,000 for the First Time

What to know about this major milestone

On Thursday, the Dow Jones Industrial Average surpassed 40,000 points on Thursday for the first time ever, signaling a strong endorsement of the health of the U.S. economy.

The trigger that drove the market to a historic high was new data released Wednesday showing annual inflation easing after three consecutive months of higher-than-expected reports.

For investors, the news of cooling inflation was a huge relief. Stubborn inflation has been one of the top challenges for an economy that otherwise is doing remarkably well.

Please select this link to read the complete article from NPR.