DAVID MUIR: We turn now to the economy tonight, and another record day for the stock market, in fact, the Dow tonight nearing a remarkable new milestone. The Dow gaining 269 points today, finishing the day at 39,781, closing in on that 40,000 milestone. The Dow more than doubling its value in the last four years, bringing some good news tonight for 401(k)s after Covid and the economic strain that came with it. Let's get right to ABC's Erielle Reshef, she’s live on Wall Street tonight, as the Dow nears 40,000. Erielle?
ERIELLE RESHEF: Hey, David. For the second day in a row, the market surging into record territory. The Fed just yesterday holding interest rates steady and signaling that three cuts could be coming by the end of the year. Some analysts predicting that the first cut could come as early as June. And, of course, that could help offset the cost of credit card debt, as well as car loans, but Americans are already feeling the stock market surge in their retirement accounts, with 401(k)s averaging- they’re up about $12,000. And I want to show you just how far we've come since the stock market crashed at the top of the pandemic. The Dow nearly doubling over the course of the past four years, of course, reason to hope, and positive signs of encouragement for so many Americans feeling the pinch, David.
MUIR: Erielle Reshef live on Wall Street, and of course we’ll be watching it again tomorrow. Erielle, thank you.