By Charley Blaine | The Street
It took literally all of Friday’s trading session, but the Dow Jones Industrial Average hit its first close above 40,000.
The blue-chip average finished at 40,000.59, up 132 points, or 0.34% right at the 4 p.m. ET close. The index had hit an intraday high of 40,051.05 on Thursday before dropping back to 39,865.
The Dow’s performance was the day’s best among the major averages. The S&P 500 was up 6 points, or 0.1%, to 5,303. The Nasdaq Composite was down 12 points, or 0.1%, to 16,685.97.