Dow at 40,000: Why stocks still have 'plenty of room to run'

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 23 sec. here
  • 4 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 63%

Dow Jones Industrial Average News

Jack Manley,Jpmorgan Asset Management

Wall Street pros say there's more room to grow with stock markets around record highs.

That’s the sentiment gripping Wall Street, as stocks notch record highs and the market is on track for its best month of the year.) to close above 40,000 for the first time ever Friday — a milestone that comes just 874 trading days after the Dow first closed above 30,000.And the makeup of the Dow looks different than it did during previous milestones. The index most recently replaced Walgreens stock outperformed the S&P 500 over the last five years.

Business is booming for Walmart. With food at home prices shooting up 24.6% since the pandemic started in March 2020, American families have turned to more budget-friendly options to...Troubled EV maker Fisker Inc. is closing down its Manhattan Beach headquarters and moving employees to La Palma in Orange County in a bid to save money and stave off bankruptcy.Cameco stock could be a great long-term investment for Canadian growth seekers.

Source: News Formal (newsformal.com)

Jack Manley Jpmorgan Asset Management

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in CA

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock market today: Dow finishes above 40,000 to cap Wall Street's latest winning weekThe Dow Jones Industrial Average finished a day above the 40,000 level for the first time on Friday as U.S. stock indexes drifted around their records while closing out their latest winning week.
Source: CTVNews - 🏆 1. / 99 Read more »

Stock market today: Wall Street drifts higher; Dow has its first close above 40,000The Dow Jones Industrial Average rose 0.3 per cent to close above 40,000 points for the first time on Friday.
Source: CTVNews - 🏆 1. / 99 Read more »

Stock market today: Wall Street edges back from records after Dow briefly tops 40,000U.S. stocks edged back from their record heights Thursday after the Dow Jones Industrial Average briefly topped the 40,000 level for the first time.
Source: CTVNews - 🏆 1. / 99 Read more »

Stock market today: Wall Street hangs around its records after Dow briefly tops 40,000NEW YORK (AP) — U.S. stocks drifted to a mixed close near their record levels after the Dow Jones Industrial Average briefly topped the 40,000 level for the first time. The Dow ended with a loss of 0.1% Thursday.
Source: SooToday - 🏆 8. / 85 Read more »

Wall Street drifts higher; Dow has its first close above 40,000The Dow Jones Industrial Average finished the day above the 40,000 level for the first time as U.S. stock indexes drifted around their record heights to...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Dow Tops 40,000 For The First Time As Wall Street Drifts HigherStronger-than-expected profit reports have been one of the main reasons U.S. stock indexes jumped through May to records following their tough April.
Source: HuffPostCanada - 🏆 61. / 53 Read more »