Investor Insights
Dow hits 40,000, but it’s still irrelevant: John Authers
The Dow Jones Industrial Average hit 40,000 points for the first time.
The Dow Jones Industrial Average hit 40,000 points for the first time, though it fell back before closing. Despite the milestone, the Dow is considered largely irrelevant due to its flawed methodology and arbitrary stock weightings. Meanwhile, the Beatles' "Now and Then," a song made possible by AI, highlights the technology's potential for good, offering a moving tribute to the band's legacy.
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By John Authers
Today's Points
- The Dow Industrials broke through 40,000 for the first time and then fell back;
- It doesn't matter because the Dow is pointless;
- But it is a little interesting that the Dow has exactly matched gold since it first hit 20,000;
- AND AI has something to be said for it when it gives us the Beatles' Now and Then
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