40,000Last Friday, the Dow closed at 40,000 for the first time. He said that an interest rate hike is unlikely to be the Fed’s next move. The direction of interest rates is either flat or lower. The Dow reached the historic 40,000 last Friday. This is despite the prospect for higher for longer interest rates, the hostilities in the Middle East and political risks that may be ushered in by the upcoming US election.

Source: Philippine Star May 20, 2024 00:55 UTC