This Thursday, the Dow Jones surpassed the symbolic threshold of 40,000 points on Wall Street for the first time. driven by investors They perceive the proximity of interest rate cuts.
Wall Street’s star index grew mainly motivated by Boeing and 3M and especially by the distribution giant Walmart, which published better than expected results.
The Dow Jones had surpassed 30,000 points at the end of November 2020. Since it recorded its lowest point, in the early days of the Covid-19 pandemic, in March 2020, The index has more than doubled, growing by 120%. On Wednesday, Dow Jones, Nasdaq and S&P 500 had already closed at all-time highs.
Wall Street: Walmart results
According to results reported on Thursday by the company, the turnover of Walmart reached $161.51 billion in the first quarter of the year, 6% more than in the same period of the previous year, while its net profit tripled, to $5.1 billion.
Analysts expected the first to be at $159.57 billion and the second at $4.27 billion.
Source: Ambito
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