Economy Joe Biden's America...

[Rational Poster]

Is breaking records​

​

Dow Crosses 40,000 For First Time In History​

Dow Crosses 40,000 For First Time In History

It’s the first time in the blue chip stock index’s 128-year history that the Dow crossed 40,000, another milestone in 2024’s bull market—driven partially by Walmart’s stock surge.

www.forbes.com

The Dow Jones Industrial Average made history Thursday, setting the latest impressive milestone for 2024’s red-hot stock market.

The Dow crossed 40,000 for the first time in its 128-year history Thursday at about 10:30 a.m. ET, gaining as much as 90 points (0.3%) to a new all-time high of 40,000.54.

The Dow, which tracks 30 of the most valuable U.S. public companies across a gamut of industries, is up 6% this year and 23% from its October bottom, reflecting the positive shift in investor sentiment over the period.

Boosting the Dow on Thursday was retailer Walmart, whose shares rallied 7% to an all-time high after reporting first-quarter earnings.

Other contributing factor is a positive inflation report over the previous two months.

 

[Corona]

Bidgoat bless. 100+ mil votes this election looms.

 

[Belaya Smert]

Thank you Game Stop
Thank you Real President Obama

 

[KOPPE]

If only conservatives could read and comprehend..

 

[Richmma80]

BEST.
PRESIDENT.
EVER.

 

[Jballer]

God Bless President Biden.

 

[Osculater]

Dark Brandon using his dark forces on the stock market

 

[Seano]

Sounds like we have Walmart to thank.

 

[HARRISON_3]

The Dow Jones has TDS.

 

[PurpleDrank]

How are americans doing outside of the economy? Addiction rates, obesity, cancers, general mental and physical health, spiritually etc.?

Obviously you cant blame that on Biden but I think the health of a country isnt just economic factors.

 

[HARRISON_3]

Addiction rates, obesity, cancers, general mental and physical health, spiritually etc.?

All those have TDS.

 

[Rational Poster]

Sounds like we have Walmart to thank.

Just think for a second about what Walmart doing better than expected means.

They are a nationwide outlet that provides goods and services to the average Joe American.

Walmart's success correlates directly with American's participation in the economy. If they're doing well it means Americans are spending more at their stores. And their stores are everywhere, so that means Americans everywhere are spending more.

 

[ColemanwastheGOAT]

He should have no problems in November then

 

[Seano]

Just think for a second about what Walmart doing better than expected means.

They are a nationwide outlet that provides goods and services to the average Joe American.

Walmart's success correlates directly with American's participation in the economy. If they're doing well it means Americans are spending more at their stores. And their stores are everywhere, so that means Americans everywhere are spending more.

On Chinese garbage, but I get you. Its better news than we could have had.

 

[Natural Order]

Lol, Salvation Army stock is surging…we’re not sure why, probably healthy!

 

[Natural Order]

Lol @ this tripe from TS.

https://www.nasdaq.com/articles/the-stock-market-is-not-the-economy

 

[Scheme]

While the stock market as of recent has been doing decent, it's largely driven by speculative AI investments. If those investments don't result in substantial growth we are going to see the tech bubbles burst.

Also, inflation adjusted, the major indices show we are at the same point or lower than we were in 2021. For example, the S&P 500 and Dow Jones inflation adjusted indices:
www.gurufocus.com/economic_indicators/5860/inflation-adjusted-sp
www.macrotrends.net/1319/dow-jones-100-year

 

[Rational Poster]

Lol, Salvation Army stock is surging…we’re not sure why, probably healthy!

While the stock market as of recent has been doing decent, it's largely driven by speculative AI investments. If those investments don't result in substantial growth we are going to see the tech bubbles burst.

Also, inflation adjusted, the major indices show we are at the same point or lower than we were in 2021. For example, the S&P 500 and Dow Jones inflation adjusted indices:
www.gurufocus.com/economic_indicators/5860/inflation-adjusted-sp
www.macrotrends.net/1319/dow-jones-100-year

Sick the coping Canadians have arrived.

 

[Natural Order]

Sick the educated Canadians have arrived.

Fixed that for you champ.

 

[filthybliss]

If only conservatives could read and comprehend..

Its not their fault that red states propagate a culture of teen pregnancy, higher crime rate and lack of literacy. It keeps them dumb and broke so they keep voting the same sequence of republican politicians.....