The Dow Jones Industrial Average made history this past Thursday, reaching the 40,000-point mark for the first time ever. It broke over 40,000 at about 10:30 a.m. Eastern but closed on Thursday just below that mark at 39,869.
On Friday, the Dow managed to close just above 40,000, and it remained above that key level in early trading on Monday. Of course, whether or not the index can hold that 40,000 level in the coming days remains to be seen.
Nonetheless, 40,000 is a significant milestone for the Dow Jones Industrial Average, which has been the most-cited barometer for the market for more than 100 years. Here’s how it reached that level and why it matters.
This post appeared on Dynamic Wealth Report.