Wall Street closed in the red on Friday in a volatile trading session, as policymakers rushed to bridge differences on additional stimulus measures. Party leaders said on Friday they are close to an agreement that would provide $900 billion in aid, with Senate Majority Leader Mitch McConnell saying that talks “remain productive”. On the corporate side, electric carmaker Tesla stock traded higher ahead of its listing in the S&P 500. With a market capitalization of more than $600 billion after a 700% rally this year, Tesla will trade as the seventh-largest company in the index. The Dow Jones declined 124 points or 0.4% to 30,179. The S&P 500 shed 13 points or 0.3% to 3710. The Nasdaq lost 9 points or 0.1% to 12,756. During the week, the Dow Jones gained 0.4%, the S&P added 1.3%, and the Nasdaq jumped 3.1%.
Historically, the Dow Jones Industrial Average reached an all time high of 30395.06 in December of 2020. Dow Jones Industrial Average - data, forecasts, historical chart - was last updated on December of 2020.
The Dow Jones Industrial Average is expected to trade at 29709.42 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 27997.28 in 12 months time.