The bulls got what they wanted this week: cooler inflation data and record highs. The Dow Jones Industrial Average on Friday closed above 40,000 for the first time, capping off a 1.24% advance for the week. The S & P 500 and Nasdaq Composite , meanwhile, closed at all-time highs Wednesday, fueled by cooler-than-expected inflation data released before the bell that day.
Traders work on the floor at the New York Stock Exchange in New York City, U.S., May 15, 2024.The bulls got what they wanted this week: cooler inflation data and record highs.
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