Dow closes lower Thursday after briefly topping 40,000 for first time

The Dow Jones Industrial Average briefly surpassed 40,000 for the first time on Thursday, peaking at 40,051.05, before closing slightly lower at 39,869.38, down 0.1%.

This milestone followed a bull market that started in October 2022 and was rekindled in May due to strong earnings and lower inflation.

Despite earlier setbacks in April over high interest rate concerns, investor sentiment improved with expectations of rate cuts and enthusiasm for artificial intelligence, CNBC has reported.

read more: https://www.cnbc.com/2024/05/15/stock-market-today-live-updates.html

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