Dow surges to first close above 40,000 as stocks continue to climb in value

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. 

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