The Dow Jones stock market index surpassed the 40,000 point mark for the first time on Thursday, driven in part by speculation about a potential interest rate cut by the US Federal Reserve. This was just a few months ago in November 2020, when the index had broken through the 30,000 point barrier. Comprised of the 30 largest publicly traded companies in the USA, including Microsoft and Goldman Sachs, the Dow Jones index is closely watched by investors worldwide.
On Thursday, stocks of companies like Boeing and Walmart saw significant increases. Despite being introduced 128 years ago, the Dow Jones index continues to attract attention, although it is criticized for its methodology of weighting individual values based on share price. This has led to some companies having a larger influence on the index, such as UnitedHealth with an 8.5% share, compared to Amazon with only 3%. The S&P 500 and Nasdaq indexes also saw gains on Thursday, reaching new highs as well.
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