Wall Street traded little changed on Friday ahead of the closing bell, as easing trade fears were reinforced with China saying it will exclude commodities from the US such as pork and soybeans from additional tariffs. Meanwhile, US retail sales beat expectations in August as consumers hit auto showrooms and online shopping maintained momentum. Thirty minutes away from the closing bell, the Dow Jones edged up 0.1%. In contrast, the S&P 500 inched down 0.1% and the Nasdaq 0.2%. Historically, the Dow Jones Industrial Average reached an all time high of 27398.68 in July of 2019 and a record low of 28.48 in August of 1896.
The Dow Jones Industrial Average is expected to trade at 26017.26 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 24954.09 in 12 months time.