Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Dow passes 40,000 for first time
NY Post ^ | 05/16/2024 | SYLVAN LANE

Posted on 05/16/2024 9:31:16 AM PDT by ChicagoConservative27

The Dow Jones Industrial Average eclipsed 40,000 points for the first time in its history Thursday as Wall Street cheered slowing inflation and potential for lower interest rates.

The iconic stock index was up roughly 111 points shortly before 11 a.m. Thursday, reaching about 40,020 points. The Dow was created in 1895 and includes the 30 most prominent U.S. companies as determined by S&P Dow Jones Indicies.

The Dow is up 6 percent since the start of 2024 as investors eagerly await Federal Reserve rate cuts, which could add more fuel to the stock market. While the Fed has held off on rate cuts so far thanks to a combination of strong job gains and rising inflation, new data from the Labor Department showed price gains slowing for the first time since last year.

The Dow, Nasdaq composite and S&P 500 index all closed at record highs Wednesday.

(Excerpt) Read more at thehill.com ...


TOPICS: Business/Economy; Culture/Society; Front Page News; News/Current Events; Your Opinion/Questions
KEYWORDS: dow; fedrate; first; passes; stockmarket; time
Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-8081-83 next last
To: ChicagoConservative27

Expecting Biden to win re-election.


61 posted on 05/16/2024 12:54:26 PM PDT by nwrep
[ Post Reply | Private Reply | To 1 | View Replies]

To: ChicagoConservative27

Yes Ukraine bogus investment is paying off


62 posted on 05/16/2024 1:25:15 PM PDT by Vaduz
[ Post Reply | Private Reply | To 1 | View Replies]

To: woodbutcher1963

“…slightly less…”

LOL


63 posted on 05/16/2024 1:58:22 PM PDT by Laslo Fripp (Does anybody proofread anymore?)
[ Post Reply | Private Reply | To 51 | View Replies]

To: ChicagoConservative27

Dow closed at 39,989 today.


64 posted on 05/16/2024 2:02:50 PM PDT by Laslo Fripp (Does anybody proofread anymore?)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Ge0ffrey

DOW goes nowhere

Value of money drops further, meaning that it takes more of it to buy stock.

65 posted on 05/16/2024 2:55:31 PM PDT by Elsie (Heck is where people, who don't believe in Gosh, think they are not going...)
[ Post Reply | Private Reply | To 2 | View Replies]

To: I want the USA back

GMTA!


66 posted on 05/16/2024 2:56:59 PM PDT by Elsie (Heck is where people, who don't believe in Gosh, think they are not going...)
[ Post Reply | Private Reply | To 16 | View Replies]

To: Revel

Yup.

Even lower the farther back in time one goes.


67 posted on 05/16/2024 2:57:41 PM PDT by Elsie (Heck is where people, who don't believe in Gosh, think they are not going...)
[ Post Reply | Private Reply | To 20 | View Replies]

To: 1Old Pro

My first brand new car cost $3400.

And it had a 3 year loan.


68 posted on 05/16/2024 3:00:13 PM PDT by Elsie (Heck is where people, who don't believe in Gosh, think they are not going...)
[ Post Reply | Private Reply | To 39 | View Replies]

To: 1Old Pro

Average new house in Indiana is around $300K


69 posted on 05/16/2024 3:01:34 PM PDT by Elsie (Heck is where people, who don't believe in Gosh, think they are not going...)
[ Post Reply | Private Reply | To 48 | View Replies]

To: Paladin2

Yup.

It slides the percentage you pay into higher and higher brackets


70 posted on 05/16/2024 3:02:47 PM PDT by Elsie (Heck is where people, who don't believe in Gosh, think they are not going...)
[ Post Reply | Private Reply | To 54 | View Replies]

To: Sam Gamgee

How much does your gold weigh?

Or do you just have a piece of paper that SAYS you have gold - somewhere.


71 posted on 05/16/2024 3:03:48 PM PDT by Elsie (Heck is where people, who don't believe in Gosh, think they are not going...)
[ Post Reply | Private Reply | To 56 | View Replies]

To: SaxxonWoods

I hope you are correct and I am counting on that. You would have been through history up to this point.


72 posted on 05/16/2024 7:27:25 PM PDT by Sequoyah101 (Procrastination is just a form of defiance)
[ Post Reply | Private Reply | To 44 | View Replies]

To: ChicagoConservative27

A foot is 12 inches.
Now, imagine that an inch gets shorter - so that a foot is now 13 inches. Or 15. or 20.

It’s the same length, but the inch has shrunk.

That is what’s happening with the dollar. The DOW isn’t getting bigger, the unit of measure is shrinking. Inflation


73 posted on 05/16/2024 7:33:32 PM PDT by meyer ("When, in the course of human events,....")
[ Post Reply | Private Reply | To 1 | View Replies]

To: fwdude

I can’t see a legitimate reason for it.

It seems to me all they talk about is micro-interest rate
fluctuations ahead, but it’s really a flimsy excuse > IMO.

If inflation goes back up, crash, boom, bam,... holy cow
Batman.


74 posted on 05/16/2024 8:53:16 PM PDT by DoughtyOne (I pledge allegiance to the flag of the USofA & to the Constitutional REPUBLIC for which it stands. )
[ Post Reply | Private Reply | To 3 | View Replies]

To: grimalkin

[Things are very, very wrong.]

I agree.

There’s daily talk of World War III, daily efforts pushing it forward, sadly, and then things like this.


75 posted on 05/16/2024 9:12:19 PM PDT by SaveFerris (Luke 17:28 ... as it was in the Days of Lot; They did Eat, They Drank, They Bought, They Sold ......)
[ Post Reply | Private Reply | To 13 | View Replies]

To: Openurmind

I agree


76 posted on 05/16/2024 9:20:51 PM PDT by SaveFerris (Luke 17:28 ... as it was in the Days of Lot; They did Eat, They Drank, They Bought, They Sold ......)
[ Post Reply | Private Reply | To 27 | View Replies]

To: woodbutcher1963

[You mean that EVERYONE can not afford an $80K pick up truck or SUV ?

Say it ain’t so.]

Exactly.


77 posted on 05/16/2024 9:23:15 PM PDT by SaveFerris (Luke 17:28 ... as it was in the Days of Lot; They did Eat, They Drank, They Bought, They Sold ......)
[ Post Reply | Private Reply | To 36 | View Replies]

To: ducttape45

I’m with you on that. Unfortunately it’s likely.


78 posted on 05/16/2024 9:24:57 PM PDT by SaveFerris (Luke 17:28 ... as it was in the Days of Lot; They did Eat, They Drank, They Bought, They Sold ......)
[ Post Reply | Private Reply | To 49 | View Replies]

To: woodbutcher1963

I’ve seen brand new 100K+ trucks around the streets lately, and I have no idea how people can afford these, but congratulations I guess. We’re sticking with our 2012 Chrysler and 2014 FJ Cruiser. Both have been paid off for a long while and are both going strong. Great engines. Insurance is minimal.


79 posted on 05/17/2024 12:22:27 PM PDT by grimalkin (Communism is the final logic of the dehumanization of man. -Fulton J. Sheen)
[ Post Reply | Private Reply | To 36 | View Replies]

To: SamAdams76

https://finance.yahoo.com/quote/%5EDJI

Dow Jones Industrial Average (^DJI)
40,004.05 +134.67 (+0.34%)
At close: 4:03 PM EDT


80 posted on 05/17/2024 1:03:55 PM PDT by abb
[ Post Reply | Private Reply | To 50 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-8081-83 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson