From Fortune: 2024-05-18 10:53:00

The Dow Jones Industrial Average hit a new milestone, crossing 40,000 points, signaling record levels in the U.S. stock market. The Dow, composed of 30 blue-chip companies, includes newer technology names like Apple and Microsoft. While the Dow’s 10,000 point increase over three years is significant, professional investors focus more on broader market indicators like the S&P 500, which has almost 17 times more companies. The S&P 500 recently surpassed 5,300 points and has outperformed the Dow in the past year, driven by Big Tech stocks and hopes for interest rate relief. Despite historic milestones, a 100-point change in the Dow now reflects less than a 0.3% swing.



Read more at Fortune: Dow Jones Industrial Average hits 40,000 but S&P 500 is thrashing blue chips