The S&P 500, which is the much more important index for Wall Street and most retirement savers, also finished near a record high.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Arthur Irving, who grew his family’s New Brunswick-based oil business, dies at 93
Irving Oil said in a statement that he died Monday. At the time of his death, he had an estimated net worth of $6.4 billion.
Melinda French Gates’ $12.5 billion creates path to unrestricted giving
The nonprofit world is watching with interest to see what Bill Gates’ former wife will do when she leaves the Gates Foundation next month.
Reddit forges pact with OpenAI to bring content to ChatGPT
Reddit will also offer its users new AI-based tools built on models created by OpenAI, which will place ads on its partner’s site.
The unofficial spokesman for the American muscle car, Tim Kuniskis, is retiring
For years Kuniskis was the spokesman for high-performance American cars, introducing many powerful models.
Regulators approve changes to Maine mining laws
The new rules could pave the way for a small-scale lithium-ore mining operation in the western Maine town of Newry.
Maine Med to open 8-story tower as final piece of massive expansion
The Malone Family Tower is scheduled to open next month, completing an 8-year $588 million expansion.
Walmart’s strong first quarter driven by Americans seeking bargains as inflation remains an issue
Walmart reported another quarter of strong results Thursday as its low prices pull in shoppers scouring for discounts with inflation stubbornly high.
On Wall Street, Dow makes history by topping 40,000 for first time
The stock market’s advance has been fueled by bets the Federal Reserve will be able to cut interest rates this year.
New industry readies for launch as researchers hone offshore wind turbines that float
The University of Maine is home to the nation’s largest team of engineers dedicated to floating offshore wind.