Can Dow Jones ETFs Soar Even Higher After Hitting 40K Mark?

From Nasdaq: 2024-05-21 08:00:00

1. Wall Street hits record highs as Dow Jones closes above 40,000, driven by Goldman Sachs, Microsoft, and UnitedHealth.

2. Analysts project S&P 500 to continue uptrend with increased targets; Deutsche Bank raises target to 5,500, BMO Capital Markets to 5,600.

3. Factors like strong Wall Street earnings, diverse sector exposure, and steepening yield curve could propel Dow Jones further.

4. Amazon and Microsoft’s focus on AI to boost Dow Jones; investors can consider ETFs like DIA, DJD, and IYY for potential gains.

5. Sign up for Zacks’ Fund Newsletter for ETF insights; get free top stock recommendations and ETF analysis.



Read more at Nasdaq: Can Dow Jones ETFs Soar Even Higher After Hitting 40K Mark?