Dow Down After Hitting 40K Today | What You Missed 5/16

The world’s largest stock market hovered near its all-time highs, with the Dow Jones Industrial Average touching the historic 40,000 mark on bets that rate cuts will keep powering Corporate America. The oldest of Wall Street’s three main stock indexes has been boosted by prospects of a resilient economy, ebbing inflation and robust corporate earnings.
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[@christopherjones534]

good reporting

[@lesmoore3638]

Pathetic@allsaltdown blocks responses to his snarky reply. Big mouth, no ballons.

[@lesmoore3638]

This is what I know. Today's $40,000 would buy $32,000 worth of boneless chicken breasts in 2020. I don't know about steak because I can't afford steak any longer. EDIT: Pathetic@allsaltdown blocks responses to his snarky reply. Big mouth, no ballons.

[@allsaltdownhere]

I had a steak last weekend. Try working harder instead of complaining on the internet all day.

[@lesmoore3638]

@@allsaltdownhere Tell that to the middle-class that is being decimated by inflation. Guess what Mr. T-Bone. People's wages haven't gone up 30% in the last three years. Thousands are being laid off and your answer is to work harder? Are you defending inflation?Are you a Bidenomics deciple? They have taken to putting tracking devices on steak where I live?? Seriously? Work harder? Did you buy that steak with your Covid-19 bail out money? Pathetic response. PS: My comment was to make a point. It was sarcasm. I seldom eat steak even though I can afford it with my 95k pension and investment income (165k ytd/125k inflation adjusted :))*. *See ET, VTI and VXUS.

[@lesmoore3638]

Says a pathetic excuse for a human being. Fiddle while Rome burns much? How much did your steak cost your parents and did your mom cook it just right?