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Stock market: Dow Jones above 40,000 points for the first time

Stock market: Dow Jones above 40,000 points for the first time

Dow Jones breaks 40,000 points for the first time and continues its record rally on the US stock markets.

Slight gains on Thursday were enough for the Dow Jones Industrial to jump above 40,000 points for the first time. After a cautious start, the US leading index managed to gain up to 0.2 percent and was briefly able to catch up with the next thousand mark, around which it then hovered. The record rally on the US stock exchanges continued. Moderate gains in the Nasdaq 100 Index were also enough for records on the technology-heavy Nasdaq stock exchange.

According to the stock market letter author Hans Bernecker, this was an important benchmark for investors on Thursday, just like the 19,000 point mark in the Dax, which the leading German index was initially unable to get any closer to. The record trend was triggered by renewed hopes of a turnaround in interest rates in the USA, which were recently reinforced by the latest inflation data from the United States. Bernecker described these brands as important so that “new momentum” could be created.

Source: Stern

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