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The Dow Jones hits 40,000 for the first time. What to know about this major milestone

Traders on the floor of the New York Stock Exchange in New York City on May 16, 2024, when the Dow hit 40,000 points for the first time ever.

Stock markets received a boost from new data showing inflation is easing. Lower inflation has raised hopes about the U.S. economy — but there are still a lot of unknowns.

(Image credit: Spencer Platt)

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