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Dow is little changed a day after benchmark touches 40,000 for the first time

Posted on AllSides May 17th, 2024
From The Center
Banking and Finance, Stock Market, Dow Jones
Brendan McDermid | Reuters

The Dow Jones Industrial Average traded near flat Friday, after the blue-chip average briefly topped the key 40,000 level for the first time in the previous session.

The 30-stock average rose 40 points, or 0.1%. The S&P 500 and Nasdaq Composite were also up 0.1%.

The Dow reached an intraday high of 40,051.05, above the psychologically important 40,000 level, before pulling back to end the day down 0.1%.

“The Dow’s remarkable rise has exceeded many expectations, including my own, but our perspective remains unchanged,” said Todd Morgan, chairman at Bel Air Investment Advisors. “Through wars, recessions,...

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