{"id":620875,"date":"2024-05-18T01:16:56","date_gmt":"2024-05-17T22:16:56","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/dow-closes-above-40000-for-first-time-notching-new-milestone\/"},"modified":"2024-05-18T01:16:56","modified_gmt":"2024-05-17T22:16:56","slug":"dow-closes-above-40000-for-first-time-notching-new-milestone","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/dow-closes-above-40000-for-first-time-notching-new-milestone\/","title":{"rendered":"#Dow closes above 40,000 for first time, notching new milestone"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a27fbcf50855\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a27fbcf50855\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/dow-closes-above-40000-for-first-time-notching-new-milestone\/#Soft_landing_ahead\" >Soft landing ahead?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/dow-closes-above-40000-for-first-time-notching-new-milestone\/#More_from_CBS_News\" >More from CBS News<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<div id=\"\">The Dow closed above 40,000 points for the first time on Friday in a quiet day on Wall Street, with investors taking cheer in strong corporate profits and signs that inflation is cooling.\u00a0<\/p>\n<p>The Dow Jones Industrial Average, which was launched in 1896, tracks the stocks of 30 major &#8220;blue-chip&#8221; companies <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/general\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"General\" target=\"_blank\" rel=\"noopener\">general<\/a>ly regarded as low-risk investments. The index&#8217;s listed companies include <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">App<\/a>le, Intel and Microsoft among tech players, while the financial industry is represented by companies such as American Express, Goldman Sachs and JPMorgan Chase. Health care companies in the Dow include Amgen, Johnson &amp; Johnson, Merck and UnitedHealth Group.<\/p>\n<p>The Dow crossed the 30,000 point mark in November of 2020. Yet while the 128-year-old index is still widely followed, institutional investors generally focus on broader stock market barometers, such as the S&amp;P 500 and tech-heavy Nasdaq.<\/p>\n<aside class=\"newsletter_signup \">\n<figure class=\"embed embed--type-newsletter-widget embed--float-none embed--size-large embed--type-iframe\" data-ads=\"{\" wordcount=\"\"><\/figure>\n<\/aside>\n<p>The Dow added 134 points, up 0.3%, to close at a record high of 40,004. The S&amp;P 500 index edged up 0.1% and the Nasdaq ended essentially flat. All three financial markets climbed to new heights this week after the Consumer Price Index rose at an\u00a0<span class=\"link\">annual rate of 3.4%<\/span>\u00a0in April, in line with analyst forecasts.<\/p>\n<p>The Dow has risen nearly 20% over the last 12 months, while the S&amp;P 500 has surged 27.5%.\u00a0<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Soft_landing_ahead\"><\/span>Soft landing ahead?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Although inflation continues to run considerably hotter than the Federal Reserve&#8217;s 2% target, the latest CPI data suggests that prices around the U.S. are moderating after rising much faster than expected earlier this year. That is rekindling hopes the Federal Reserve could soon act to cut its benchmark interest rate, which would give a further lift to financial markets as well as lower borrowing costs for consumers and businesses.\u00a0<\/p>\n<p>With the U.S. economy seemingly on track for a soft landing, many traders expect the U.S. central bank to trim the federal funds rate \u2014 now at its highest level in more than two decades \u2014 twice this year. Yet analysts said the Fed will wait for more evidence that inflation is retreating before easing policy.\u00a0<\/p>\n<p>&#8220;Of course, the Fed will not wait for inflation to retreat to 2% to start cutting rates,&#8221; Bob Schwartz, senior economist with Oxford Economics, said in a note to investors. &#8220;By then it would probably be too late to prevent the economy from descending into a recession. But it is taking longer than usual for the Fed&#8217;s rate hikes in 2022 and 2023 to bring inflation under control, and it will take several months of benign inflation reports to instill confidence that the trend towards 2% is firmly in place.&#8221;<\/p>\n<figure class=\"embed embed--type-video embed--type-content_video is-video embed--float-none embed--size-medium \"><figcaption class=\"embed__caption-container\">\n<p>          <span class=\"embed__icon\"><br \/>\n            <svg viewbox=\"0 0 32 32\" aria-hidden=\"true\"><use xlink:href=\"#icon-video\"><\/use><\/svg><\/span><\/p>\n<p>          <span class=\"embed__headline\">What does the Dow&#8217;s 40,000-point milestone say about the economy?<\/span><\/p>\n<p>          <span class=\"embed__video-duration\">04:33<\/span><\/p>\n<\/figcaption><\/figure>\n<p>While major markets have continued levitating, <span class=\"link\">so-called meme stocks<\/span> are fizzling after soaring earlier in the week. Shares of <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/game\/\" data-internallinksmanager029f6b8e52c=\"7\" title=\"Game\" target=\"_blank\" rel=\"noopener\">Game<\/a>Stop, a money-losing video game retailer that has been embraced by retail investors, fell nearly 20% on Friday after the company said it expects to report a loss of $27 million to $37 million for the three months through May 4. It also said it could sell up to 45 million shares of stock in order to raise cash.<\/p>\n<p>The stock had topped $64 on Tuesday after Keith Gill, a popular online trader known on <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">social media<\/a> as &#8220;Roaring Kitty,&#8221; resurfaced on X (formerly Twitter) after a three-year hiatus.<\/p>\n<p><em>\u2014The Associated Press contributed to this report.<\/em><\/p>\n<p>    <!-- data-recirc-source=\"queryly\" --><\/p>\n<aside class=\"component list recirculation component--type-recirculation \">\n<h3 class=\"component__title\"><span class=\"ez-toc-section\" id=\"More_from_CBS_News\"><\/span>More from CBS News<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/aside>\n<p><!-- tags --><\/p>\n<div class=\"content-author\">\n      Alain Sherter<\/p>\n<div class=\"content-author__bio\">\n<div class=\"content-author__full-information\">\n<p class=\"content-author__text\">Alain Sherter covers business and economic affairs for CBS<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a>.com.<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN63nwsw68G3Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/www.cbsnews.com\/news\/dow-closes-above-40000-for-first-time-notching-new-milestone\/?ftag=YHF4eb9d17\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Dow closed above 40,000 points for the first time on Friday in a quiet day on Wall Street, with investors taking cheer in strong corporate profits and signs that inflation is cooling.\u00a0 The Dow Jones Industrial Average, which was launched in 1896, tracks the stocks of 30 major &#8220;blue-chip&#8221; companies generally regarded as low-risk&#8230;<\/p>\n","protected":false},"author":1,"featured_media":620876,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/assets2.cbsnewsstatic.com\/hub\/i\/r\/2024\/05\/17\/945cc2a7-f30f-4991-85c0-17e7a606d692\/thumbnail\/1200x630\/ef78b7318af4e649337cdafcc776c52d\/gettyimages-2152821471.jpg?v=dac66bdad19d0be8e87f46552b582682","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[],"class_list":["post-620875","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/620875","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=620875"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/620875\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/620876"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=620875"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=620875"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=620875"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}