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Personal Investor 1 min read
Market Recap Week Ended Friday, May 17, 2024
Record highs The NASDAQ set a record high on Tuesday and the S&P 500 and Dow followed suit the next day, lifted by fresh data on inflation and a brighter outlook for eventual interest-rate cuts. On Friday, the Dow closed above the 40,000-point mark for the first time —finishing at 40,003.6—to cap its fifth positive week in a row.
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