Dow Reaches 40K for the First Time

Index crosses another milestone
By Newser Editors,  Newser Staff
Posted May 16, 2024 9:43 AM CDT
Dow Reaches 40K for the First Time
A street sign is seen in front of the New York Stock Exchange.   (AP Photo/Frank Franklin II)

The Dow is now in uncharted territory. The stock market index reached 40,000 for the first time ever in trading on Thursday, reports CNBC and the Wall Street Journal. Markets have been rising this week thanks to a report suggesting that inflation was slowing down. The benchmark S&P 500 also is in record territory, north of 5,300. Some Dow milestones, for perspective, via S&P Global:

  • 1,000: 1972
  • 10,000: 1999
  • 20,000: 2017
  • 30,000: 2020
(More stock market stories.)

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