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May 17, 2024

Dow briefly tops 40,000 before closing slightly lower

AP Business Writer

NEW YORK — U.S. stocks edged back from their record heights Thursday after the Dow Jones Industrial Average briefly topped the 40,000 level for the first time.

The Dow slipped 38.62 points, or 0.1%, to 39,869.38. The S&P 500 index, which is much more widely followed on Wall Street, dipped 11.05, or 0.2%, to 5,297.10, and the Nasdaq composite fell 44.07, or 0.3%, to 16,698.32. All three indexes had rallied on Wednesday to all-time highs.

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