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The Dow Jones Industrial Average is closing in on the 40,000 threshold for the first time in 128 years.
New York
CNN
—
Thursday was a pretty good day for Wall Street — the Dow Jones Industrial Average is closing in on the 40,000 threshold for the first time in its 128-year history as markets rallied to new highs.
The Federal Reserve sent stocks soaring on Wednesday after officials kept interest rates unchanged and maintained their forecast for three rate cuts this year. All three major indexes ended the day at new highs and the S&P 500 crossed the key 5,200 level for the first time.
That record-setting boom continued when all three indexes hit new highs once again at the close of Thursday’s session.
The blue-chip Dow gained 269 points, or 0.7% to set a new record at 39,781.5. The S&P 500 was up 0.3%, reaching an all-time high of 5,241.53, and the tech-heavy Nasdaq grew 0.2% also breaking its record to reach 16,401.84.
European and Asian…
