Dow Jones Industrial Average hits 40,000 points for first time; UK reality TV stars charged over FX scheme

Dow Jones Industrial Average hits 40,000 points for first time; UK reality TV stars charged over FX scheme – business liveindustrial average, America’s much-storied stock index, has hit the 40,000 point mark for the first time, as traders anticipate interest rate cuts.

Nevertheless, I believe prevailing economic conditions and policy expectations indicate that the upward trend in major stock indices is likely to continue in the short to medium term. Federal Reserve data released just before the New York stock market opened showed that US industrial production stagnated in April, while manufacturing output fell 0.3%, held back by motor-vehicle production.

The Dow, which contains 30 major US companies, nudged a new alltime high of 40,000.54 points in morning trading in New York.

Loans Loans Latest News, Loans Loans Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

The average student loan is set to increase by more than $1,200Indexation, which determines how much student debts rise, has come in at its second-highest rate in a decade.
Source: SBSNews - 🏆 3. / 89 Read more »

HECS debts to rise by 4.7pc, or $2350 on average, on June 1There may be relief for student debt-holders in the upcoming budget, but it won’t come soon enough to prevent a 4.7 per cent hike.
Source: FinancialReview - 🏆 2. / 90 Read more »