On Thursday, the Dow Jones Industrial Average surpassed 40,000 points on Thursday for the first time ever, signaling a strong endorsement of the health of the U.S. economy.
The trigger that drove the market to a historic high was new data released Wednesday showing annual inflation easing after three consecutive months of higher-than-expected reports.
For investors, the news of cooling inflation was a huge relief. Stubborn inflation has been one of the top challenges for an economy that otherwise is doing remarkably well.
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