) — largely boosted this year's Dow record. Both companies have seen about a 20% gain this year so far and have added 880 points to the rally.Our top story of the day, the Dow hitting 40,000 for the first time ever Thursday.Yahoo Finance's Josh Schafer has the full breakdown here for us, Josh.The Dow first hit 20,000 back in 2017 and several companies have contributed to the index doubling since then.
That's according to data from index A RB, Goldman Sachs and Caterpillar alone have added almost 880 points to the Dow's rally this year as of the end of trading on Thursday making them the two largest gainers so far this year, the next closest contributor has been American Express, which has added more than 350 points in 2024.Yeah, Josh, I think the question and Brad, we have spoken about this time and time again.When you're talking about the fact that we are at these record levels.
I think one of the most notable things that we've heard from strategists over the last week is most people that are saying they think stocks go higher this year, still think we see another pullback, right? And then also giving a guidance that might still be in line with what the street looks at with the valuation that's already been attacked on Fred.It just seems interesting to me how quickly we shifted back to this narrative in, I don't know, two days and we had a narratives are shifting.But we've been on that path before and then it gets bumpy, right.
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