The Dow scored its first-ever finish above 40,000 points Friday in a flourishing end to a week of records after a subdued session in Europe and a rally in some Asian markets.
“We made a breakout to new record high,” Karl Haeling from LBBW told AFP.
“The market is just choosing to consolidate, which is probably a healthy thing,” he continued. “Because it’s racing and getting too exuberant.”
The blue-chip index mustered only a 0.3 percent gain, but it was enough to finish at 40,003.59.
The S&P 500 also eked out an increase, while the Nasdaq finished narrowly negative.
Global indices had earlier this week hit fresh highs on hopes of interest-rate cuts in the United States and elsewhere on cooler inflation.
But European markets were hit Friday by a round of profit-taking.
“One day stock markets are making…
