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Dow at 40,000: Why stocks still have 'plenty of room to run'

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Dow Jones Industrial Average Nyheter

Jack Manley,Jpmorgan Asset Management

Wall Street pros say there's more room to grow with stock markets around record highs.

That’s the sentiment gripping Wall Street, as stocks notch record highs and the market is on track for its best month of the year.) to close above 40,000 for the first time ever Friday — a milestone that comes just 874 trading days after the Dow first closed above 30,000.And the makeup of the Dow looks different than it did during previous milestones. The index most recently replaced Walgreens stock outperformed the S&P 500 over the last five years.

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