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Tag: S&P 500

Dow surges to first close above 40,000 as stocks continue to climb in value
National, The Street

Dow surges to first close above 40,000 as stocks continue to climb in value

By Charley Blaine | The Street It took literally all of Friday's trading session, but the Dow Jones Industrial Average hit its first close above 40,000.  The blue-chip average finished at 40,000.59, up 132 points, or 0.34% right at the 4 p.m. ET close. The index had hit an intraday high of 40,051.05 on Thursday before dropping back to 39,865.  The Dow's performance was the day's best among the major averages. The S&P 500 was up 6 points, or 0.1%, to 5,303. The Nasdaq Composite was down 12 points, or 0.1%, to 16,685.97.  READ THE FULL STORY AT THE STREET
S&P 500 hits record high, Dow eyes 40,000 for first time on slowing inflation data
National, The Street

S&P 500 hits record high, Dow eyes 40,000 for first time on slowing inflation data

By Martin Baccardax | The Street U.S. stocks powered higher Wednesday while Treasury yields and the dollar slipped, as investors picked through a crucial April inflation report that could add further fuel to the market's recent spring rally. The S&P 500 is now trading 0.71% higher on the session at 5,283.90 points, with a new intra-day peak of 5,284.50 points, while the Nasdaq is up 0.84% at 16,165.17 points. The Dow is now just 233 points from breaching the 40,000 mark, having risen 0.5% from last night's close, with Salesforce CRM, Home Depot HD and UnitedHealth Group UNH pacing gains.  READ THE FULL STORY AT THE STREET