Stock Market Winners & Losers: Stocks Tilt Higher as Dow Tops 40,000 | Fill Up the Tank for the Summer Trip | Flying is Cheaper in 2024 for Most
The Dow Jones Industrial Average closed above 40,000 for the first time, buoyed by rising copper prices and anticipation of Nvidia's upcoming earnings. Optimism about potential Federal Reserve interest rate cuts contributed to gains, with all three major stock indexes reaching record highs. Part-time employment in the U.S. hit a record 29.2 million, making up over 17% of the workforce. As the summer driving season begins, gasoline prices are expected to rise by 10 cents per gallon, though demand remains lower due to increased fuel efficiency, more hybrid and electric vehicles, and reduced commuting. Gasoline demand peaked in August 2019 and has not returned to pre-pandemic levels. Meanwhile, airline fares for domestic flights have decreased by 5.8% over the past year, and fares to Europe are down 8%. However, international travel costs remain high, with flights to popular destinations like Tokyo seeing a slight increase. Travelers can save by booking flights well in advance, with recommendations to book one to three months ahead for domestic trips and three to four months ahead for international travel.
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