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Stock Market News, May 16, 2024: Dow Closes Below 40000 After Hitting Milestone
Indexes slipped a day after they all closed at all-time highs
Last Updated:
May 16, 2024 at 7:16 PM EDT
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Shares of Walmart were the biggest winners in the Dow Jones Industrial Average on Thursday, helping propel it to its latest milestone, 40000.
Walmart stock jumped 6% after the company’s latest earnings showed that more people are shopping at the giant and buying its products.
The jump toward a fresh high puts the retailer on pace to close with a market capitalization of more than $500 billion for the first time.