Dow Hits 40,000; Microsoft Asks Some China Staff to Relocate | Business Matters Full Show (May 16)

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  • Опубліковано 8 чер 2024
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    The Dow Jones industrial average crossed the 40,000 level on Thursday for the first time, on hopes of U.S. interest rate cuts and strong earnings before stocks turned mostly flat in afternoon trading.
    Walmart raised its full-year forecast and reported better-than-expected quarterly results on Thursday, betting that easing inflation will drive stronger sales of groceries and non-essential merchandise like clothing and electronics, sending its shares to a record high in their biggest one-day gain in four years.
    Russian President Vladimir Putin met with Chinese communist leader Xi Jinping on May 16, reaffirming their “no limit” partnership amid increasing pressure from the United States and the European Union (EU).

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