US EditionDow Crosses 46,000: Stocks Hit Record Highs as Wall Street Embraces Fed Rate Cut Hopes | News Channel 3-12
The Dow Jones Industrial Average surged 1.4% to 46,108 points on Wall Street, driven by strong corporate earnings and expectations of Federal Reserve interest rate cuts amid AI optimism.
- On September 11, 2024, the Dow Jones Industrial Average closed at 46,108.00, marking its first close above 46,000 as all major U.S. indexes hit record highs.
- This milestone followed the release of August inflation data showing a 2.9% year-on-year CPI increase and a rise in initial jobless claims to the highest since 2021.
- The Dow climbed 1.4%, the S&P 500 rose 0.9% to 6,587.47, and the Nasdaq gained 0.7% to 22,043.07, while Warner Bros Discovery shares surged over 28% amid a potential acquisition bid.
- Traders priced in a 93% chance of a quarter-point Federal Reserve rate cut after the September meeting, with experts expecting the central bank to proceed cautiously with further reductions.
- This event reflects market optimism fueled by stable inflation and labor data, although tariff uncertainties and signs of economic weakness continue to influence investors.
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Dow Jones Industrial Average Fast Facts
CNN Editorial Research (CNN) — Here’s a look at the Dow Jones Industrial Average. Facts The Dow Jones Industrial Average is a stock index comprised of 30 “blue-chip” US stocks. It is meant to be a way to measure the strength or weakness of the entire US stock market. The Dow began in 1896 with 12 industrial stocks. Dow Jones & Co was founded by journalists Charles Dow and Edward Jones. Current Dow stocks Records Record high close – September 11,…
Inflation data that was considered mild combined with a cooling labor market raised the chances of a Fed rate cut, rekindling investment interest - The 10-year yield fell to close to 4%.
Dow crosses 46,000: Stocks hit record highs as Wall Street embraces Fed rate cut hopes | News Channel 3-12
By John Towfighi, CNN New York (CNN) — Stocks hit record highs Thursday after August inflation data mostly matched expectations, reaffirming investors’ hopes that the Federal Reserve will cut interest rates in September. The Dow rose 617 points, or 1.36%, and closed at 46,108, crossing the 46,000-point mark for the first time. It’s a symbolic milestone for the blue-chip index, and emblematic of the stock market’s persistent rise despite tariff u…
The Dow Jones Index Hot Streak Continues. But Will It Last Through Year-End?
Since May 2025, the Dow Jones Industrial Average (INDEXDJX: .DJI), which is generally seen as a barometer of how well the U.S. economy is doing, has been on a strong upward trajectory. The index started at about 41,000 points in early May and has been going up consistently since then. By mid-September, it had passed 45,000 points and hit a record high of 46,000 points on September 11. This rise is about a 10–12% gain throughout the time period, t
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