The Dow Just Hit 40,000. Here’s Where Pros See Stocks Headed Next. (2024)

It took seven years for the Dow Jones Industrial Average to move from 20,000 to 40,000, and it had to bounce back from an April slump to cross the finish line. The 30-component blue-chip index now joins the Nasdaq and the S&P 500 in making recent highs. What is the significance of Dow 40,000, and where does the index, and stocks in general, go from here? We asked financial pros that question for this week’s Barron’s Advisor Big Q.

Kevin Grimes, president and chief investment officer, Grimes & Co.: Dow 40,000 is really nothing...

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