Dow Rises Above 40000 With Investors Putting Rate Cut in Sight
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The Dow Jones Industrial Average closed above 40000 for the second time on Friday. The blue-chip index rose 0.6% to 40000.9, after crossing that threshold in May. The S&P 500 and Nasdaq Composite also climbed 0.6%, with all three indexes recording weekly gains. Investors are optimistic about an upcoming rate cut.
