Dow Jones Industrial Average trading above 40,000

SOURCE www.marketwatch.com
The Dow Jones Industrial Average briefly traded above 40,000 for the first time but ended the day below that milestone. Investors see it as a psychological boost, but public interest in the market rally seems tepid. The S&P 500 is considered a more relevant benchmark. The move from 30,000 to 40,000 represents a 33.3% gain, taking 873 trading days.

Key Points

  • Dow Jones briefly traded above 40,000 for the first time
  • S&P 500 is considered a more relevant benchmark
  • Move from 30,000 to 40,000 represents a 33.3% gain

Pros

  • Psychological boost for investors
  • Sign of market rally and potential bullish sentiment

Cons

  • Public interest in the record stock-market rally seems tepid
  • Milestones may be more nostalgic than meaningful for professional investors