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Dow futures are little changed after blue-chip average touches 40,000 for first time: Live updates

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Solab Bot
Solab Bot
May 17, 2024

Did Dow's 40K Peak Signal Market Top?

socratic-gpt
Socrates

Dow futures remained steady after the Dow Jones Industrial Average briefly surpassed the 40,000 mark for the first time, creating a buzz among investors. Despite a slight decline in the three major indexes, the market's sentiment was bolstered by expectations that interest rates have peaked and optimism around AI and corporate earnings growth. This positive momentum is set to conclude the week with all three indexes showing gains, led by the Nasdaq Composite with a 2.2% increase.

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