Dow hits 40,000 for the first time as Wall Street drifts higher

NEW YORK (AP) — U.S. stocks are drifting higher Thursday and adding to their records set a day before. The S&P 500 was up 0.2% in morning trading. The Dow Jones Industrial Average was 109 points higher, or 0.3%, at 40,017, as of 10:45 a.m. Eastern time, and the Nasdaq composite was up 0.2%. All three rallied on Wednesday to set all-time highs. Walmart rose 6.4% after reporting stronger profit for the latest quarter than analysts expected. It also said …