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Dow Jones Surges to New Record High, Closing Above 40,000 for Fourth Time
Jul 12, 2024, 04:00 PM
The Dow Jones Industrial Average (DJIA) surged past the 40,000 mark, reaching an all-time intraday high on July 12, 2024. This milestone was achieved amidst a broader market rally, driven by positive wholesale-inflation data and strong earnings reports from major banks. This marks the first time the DJIA has crossed the 40,000 threshold since May 2024. The index ultimately closed at a new record high of 40,000, reflecting investor optimism and confidence in the market's performance. Notably, this is the fourth time ever that the DJIA has surpassed the 40,000 level.
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