By Martin Baccardax | The Street
U.S. stocks nudged higher Thursday as investors looked to extend a springtime rally that has lifted all three major benchmarks to all-time highs following a muted inflation report and renewed bets that the Federal Reserve will cut interest rates.
The Dow Jones Industrial Average breached the 40,000-point mark for the first time on record, while also setting an all-time best for the time it took to rise 10,000 points.
The Dow passed the 30,000 point mark on November 24, 2020, or 1,269 days ago. That’s just inside the 1,442 days the Average took to climb from 20,000 points, which it hit on December 13, 2016.