Stock market today: Dow Jones Industrial Average hits 40,000 points for the first time

NEW YORK — Stocks are adding to their gains on Wall Street, sending the Dow Jones Industrial Average above 40,000 points for the first time. The market had rallied a day earlier folllowing a report showing that inflation was cooling. The Dow was up 106 points, or 0.3%, to 40,019 in mid-morning trading Thursday. The S&P 500, which is widely tracked by index funds, was up 0.2%. The Nasdaq composite edged up 0.2%.

Target, which reports its quarterly results next week, was also rising, along with other retailers like Dollar General. A string of worse-than-expected reports on inflation at the start of the year had put the potential for such cuts in jeopardy, but some more encouraging data has since arrived. “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.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stocks close mixed: Dow Jones snaps six-day losing streakThe Dow Jones Industrial Average (^DJI) manages to close out Tuesday's session higher, while the S&P 500 (^GSPC) and Nasdaq Composite ( ^IXIC) lag and see...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market open: Dow Jones on path for 40,000 benchmarkThe three major stock market averages (^DJI, ^IXIC, ^GSPC) generally open higher to start Thursday's session: the S&P 500 floats above its record-high of...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stocks open Wednesday session higher, Dow leading the chargeAll three of the stock market indexes (^DJI, ^IXIC, ^GSPC) are opening Wednesday's trading session higher, including the Dow Jones Industrial Average which...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stocks search for direction ahead of Fed rate decisionUS equities (^DJI, ^IXIC, ^GSPC) open Wednesday's trading session near their flatline — the Dow Jones Industrial Average moving just a touch higher — in...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »