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Dow hits 40,000 for first time

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Dow hits 40,000 for first time

ERShares CEO Joel Shulman provides his market outlook and his take on the consumer on ‘Mornings with Maria.’

The Dow Jones Industrial Average crossed 40,000 for the first time ever and is on pace for its 19th record close as investors celebrate solid earnings and a slight easing of consumer inflation last month. It will mark the third 1,000 point milestone of 2024.

Ticker Security Last Change Change %
I:DJI DOW JONES AVERAGES 39973.82 +65.82 +0.16%
WMT WALMART INC. 63.20 +3.35 +5.61%

The Dow has gained about 6% this year and a strong quarter from the nation’s largest retailer, Walmart, helped propel gains on Thursday. It closed above 30,000 on Nov. 24, 2020. 

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Dow Jones Industrial Average

Goldman Sachs has added the most points since 30,000, while 3M Co. has subtracted the most, as tracked by Dow Jones Market Data Group. 

Ticker Security Last Change Change %
GS THE GOLDMAN SACHS GROUP INC. 466.09 +7.62 +1.66%
MMM 3M CO. 101.24 +1.16 +1.16%

Other notable contributors include Microsoft, UnitedHealth and Caterpillar. 

Road to Dow 40,000 (Dow Jones Market Data )

Still, the 30-member index is trailing the S&P 500 and tech-heavy Nasdaq, which are also trading at new records. 

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Both indexes have risen about 11% this year as 77% of companies have exceeded profit estimates this season. 

Ticker Security Last Change Change %
SP500 S&P 500 5317.07 +8.92 +0.17%
I:COMP NASDAQ COMPOSITE INDEX 16769.978662 +27.59 +0.16%

Google and Nvidia are trading at record highs. The chipmaker’s highly anticipated earnings report is set for May 22. 

Ticker Security Last Change Change %
GOOGL ALPHABET INC. 172.51 +2.17 +1.27%
NVDA NVIDIA CORP. 946.30 +32.74 +3.58%
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