The Dow Jones Industrial Average's recent run has left the long-standing stock market benchmark on the cusp of an unprecedented milestone. The 30-stock average rose more than 2% this week, lifting it to record highs and putting it within reach of 40,000. The Dow, which debuted in 1896, fell slightly on Friday, but was still in striking distance of the key level. This week's surge has been spurred by the Federal Reserve reiterating expectations for three rate cuts in 2024.
mountain Apple stock. But analysts are not moving to the sidelines on Apple just yet, with 57% of those polled by FactSet maintaining a buy or overweight rating on Apple. Morgan Stanley's Erik Woodring said Wall Street could be overlooking Apple's artificial intelligence efforts, which could be programmed into the iPhone in the future and thus "more than offset June Q concerns and the long-tailed DOJ lawsuit." Boeing also made the list.
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