Dow Flirts With 40K, Stocks Flat


(MENAFN- Baystreet) Dow Continues to Pursue 40K

  • Futures Edge Higher After Record Day
  • Indices Close at Record Highs
  • NASDAQ, S&P at All-Time Highs on Soft Inflation Report
  • NASDAQ, S&P at All-Time Highs Subscribe to Get Small Cap News & Alerts Glenn Wilkins - Thursday, May 16, 2024

    Dow Flirts with 40K, Stocks
    Flat Advertisment
    Stocks
    were little changed Thursday, as the DowJones
    Industrial Average tried to reach a key milestone.
    The 30-stock index
    inched down 0.91 points to 39,907.09.
    Thursday's moves put the Dow less than 100 points from 40,000 - a level it has never reached. They come a day after a broad market surge that drove the S&P500
    above 5,300 for the first time.
    The S&P500
    eked higher 4.55 points, or 1.2%, to 5,312.70.
    The NASDAQ Composite gained 19.41 points to 16,761.80.
    Shares of Walmart were up more than 5% after the retailer reported better-than-expected quarterly results.
    That performance was helped by the April reading of the consumer price index
    , a broad measure of how much goods and services cost at the cash register, which increased 0.3% from the prior month. That was slightly below the DowJones
    estimate of 0.4%. Consumer prices still grew 3.4% from a year ago.
    Prices for the 10-year Treasury inched back, raising yields to 4.37% from Wednesday's 4.35%. Treasury prices and yields move in opposite directions.
    Oil prices gained $1.02 to $79.65 U.S. a barrel.
    Gold prices erased $14.20 to $2,380.70.




    • About Us
    • Contact Us
    • Advertise
    • License Our Content
    • Jobs
    • Disclaimer
    • Privacy Policy

    Copyright 1998 - 2024 Baystreet Media Corp. All rights reserved. Nasdaq Stocks
    : Information delayed 15 minutes. Non-Nasdaq Stocks
    : Information delayed 20 minutes. Bid and Ask quotation information for NYSE and AMEX securities is only available on a real time basis. Market Data is provided by QuoteMedia. Earnings by Zacks. Analyst Ratings by Zacks

    Stocks
    -Flat" target="_blank">

    MENAFN16052024000212011056ID1108223756


  • Baystreet.ca

    Legal Disclaimer:
    MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.