18 minutes ago: The Dow Jones has reached a historic milestone of 40,000 points for the first time, driven by weak industrial production data and hopes of rate cuts by the Federal Reserve. This achievement reflects the power of capital formation, innovation, and economic resilience, according to experts. The stock market rally is fueled by positive earnings reports from companies like Walmart, Boeing, and 3M. Investors are optimistic about potential interest rate cuts following a drop in US inflation. The market is also buoyed by expectations of central banks easing monetary policy and advancements in artificial intelligence. This positive momentum signals a strong year for the US stock market.
Source: www.theguardian.com