> Dow Jones Industrial Average hits 40,000 points for the first time
Dow Jones Industrial Average hits 40,000 points for the first time
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U.S. stocks are drifting higher Thursday and adding to their records set a day before.
The S&P 500 was up 0.2% in morning trading. The Dow Jones Industrial Average was 109 points higher, or 0.3%, at 40,017, as of 10:45 a.m. Eastern time, and the Nasdaq composite was up 0.2%. All three rallied on Wednesday to set all-time highs.
Walmart rose 6.4% after reporting stronger profit for the latest quarter than analysts expected. It also said its revenue for the year could top the forecasted range it had earlier given. That could be an encouraging signal for the broader economy, as worries have risen about whether U.S. households can keep up with still-high inflation and more expensive credit-card payments.
KEEP READING: https://www.wtsp.com/article/news/nation-world/dow-jones-industrial-average-hits-40000-points/507-65e3802a-3b01-444a-a0cf-6725b91632f9