Wall Street closed deeply in the red on Friday 14 December 2018, as softer retail sales and industrial production in China, wea PMIs in Europe and prevailing trade policy uncertainty weighed on sentiment. The Dow Jones plunged 497 points or 2.0% to 24101. The S&P 500 shed 51 points or 1.9% to 2600. The Nasdaq retreated 160 points or 2.3% to 6911. Historically, the Dow Jones Industrial Average reached an all time high of 26828.39 in October of 2018 and a record low of 41.20 in July of 1932.
The Dow Jones Industrial Average is expected to trade at 26407.32 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 25507.04 in 12 months time.