"Market Update: Dow Hits Milestone, S&P 500 Sets New Record High"

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Source: CNBC
"Market Update: Dow Hits Milestone, S&P 500 Sets New Record High"
Photo: CNBC
TL;DR Summary

U.S. stock futures were little changed after the Dow Jones Industrial Average surpassed 38,000 for the first time, with United Airlines rising more than 6% in extended trading after reporting strong fourth-quarter results but expecting a first-quarter loss due to the grounding of Boeing 737 Max 9 airplanes. The Bank of Japan retained its ultra-loose monetary policy and trimmed its core inflation forecast, while Chinese authorities are reportedly considering a $280 billion rescue package for its stock markets. Hong Kong stocks rebounded, Goldman Sachs raised its fourth-quarter GDP forecast, and Deutsche Bank analysts anticipate a reopening of the M&A window in the first half of 2024. Agilysys shares fell after third-quarter results, and stock futures opened flat Monday night.

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