Weekly Market Recap: Dow Jones Hits Record High Above 40,000 Amid Post-Tech Sell-Off Rebound
Friday, 12 July 2024, 21:38
Market Rally and Record High
The Dow Jones Industrial Average reached a historic milestone surpassing 40,000 points, signaling a recovery from recent setbacks.
Volatility and Inflation Concerns
Inflation data played a key role in shaping investor sentiment, leading to speculation on potential rate hikes in September.
In a week of gains, Wall Street banks also began releasing Q2 earnings reports, adding to the market's positive momentum.
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