Dow Jones Nears 40,000 Aligned by Tech Rally and Lawsuit on Apple
Thursday, 21 March 2024, 18:10
The stock market continues its upward trend fueled by tech gains
The Dow Jones nears the 40,000 mark, supported by notable tech share increases. Micron Technology posts stellar earnings results, propelling the semiconductor sector. Apple faces a setback following a lawsuit, impacting the stock performance. Reddit's IPO success further boosts market enthusiasm.
Key Points:
- The Dow rallied almost 350 points, approaching the 40,000 milestone.
- Micron Technology surged 16% after exceeding earnings expectations.
- Tech giants like Apple faced declines while others like Microsoft, Amazon, and Meta saw gains.
The Federal Reserve's continued dovish stance on interest rates also contributed to the market optimism.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.