Stock market today: Dow tops 40,000 for the first time as Wall Street drifts higher

FILE – An entrance to the New York Stock Exchange is shown on May 8, 2024, in New York. Shares opened lower in Europe on Thursday, May 16, 2024, after most Asian benchmarks gained, tracking a Wall Street rally driven by hopes that inflation is heading back in the right direction.

Walmart’s strength could be an encouraging signal for the broader economy. Worries have been rising about whether U.S. households can keep up with still-high inflation, even if it’s not as bad as before, and more expensive credit-card payments, “Today’s numbers were in line with the overall theme of the week — nothing dramatic, but showing signs of a steady-to-cooling economy,” said Chris Larkin, managing director, trading and investing, at E-Trade from Morgan Stanley.

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Stock Market Today: Dow Falls on Slowing Growth and Sticky InflationSoft economic data and a sell-off in Facebook parent Meta sent the market sharply lower Thursday.
Источник: Newsweek - 🏆 468. / 52 Прочитайте больше »

Stock Market Today: Dow rides broadening out of rally to notch 4th weekly winStock Market Today: Dow rides broadening out of rally to notch 4th weekly win
Источник: Investingcom - 🏆 450. / 53 Прочитайте больше »