Skip to Content

The Dow closed above 40,000 for the first time. The number is big but means little for your 401(k)

AP Business Writer

NEW YORK (AP) — Through its long history, the Dow Jones Industrial Average has offered a way for people to get a quick read on how Wall Street is doing. But its importance is on the wane. Because it holds just 30 stocks and uses a quirky way to measure their impact on the stock market, the Dow has ceded its importance on Wall Street to other indexes. So even if the Dow’s topping the 40,000 level is cause for celebration, it doesn’t inherently mean much. What’s more important is that it’s one of the examples showing how the broader U.S. stock market is setting records.

Article Topic Follows: AP-National

Jump to comments ↓

Associated Press


KION 46 is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.

Skip to content