The Dow just crossed 40,000 for the first time. The number is big but means little for your 401(k) [Financial Post (Toronto, Ontario, Canada)]
Goldman Sachs Group, Inc. (The) (GS)
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Source: Financial Post
NEW YORK (AP) — The Dow Jones Industrial Average just topped 40,000 for the first time, the latest pop in what's been a surprisingly good year for Wall Street. But just like New Year's represents an arbitrary point in time in the Earth's revolution around the sun, such milestones for the Dow don't mean that much inherently. Article content For one, with just 30 companies, the Dow represents a tiny slice of Corporate America. For another, almost no one's 401(k) account sees its performance depend on the Dow, which has become more of a relic used for historical comparisons. Article content Here's a look at what the Dow is, how it got here and how its use among investors is on the wane: WHAT IS THE DOW? It's a measure of 30 established, well-known companies. These stocks are sometimes known as “blue chips,” which are supposed to be on the steadier and safer side of Wall Street. WHAT'S IN THE DOW? Not just industrial companies like Caterpillar and Honeywell, despite the
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Earnings
- 4/15/24 - Beat
GS
Sec Filings
- 5/31/24 - Form 424B2
- 5/31/24 - Form 424B2
- 5/31/24 - Form FWP
- GS's page on the SEC website