US stock futures were little changed on Thursday, hovering near record peaks, after a record high close in the Dow Jones Industrial Average overnight, amid optimism about the reopening of the economy and strong earnings momentum. In recent data, US private companies added 742,000 new jobs last month, the most in seven months, as a recovery in the labor market continued. Turning to the trade front, US Trade Representative Katherine Tai said Wednesday she expects to engage "in the near term" with Chinese officials to assess their implementation of the Phase 1 trade deal between the two countries, with the outcome to influence the fate of Washington's punitive tariffs on Beijing. On Wednesday, The S&P 500 rose 0.1% to 4,167.59. The Nasdaq Composite fell 0.4% to 13,582.42 for its fourth straight negative session and longest daily losing streak since October, while the Dow gained 97.31 points, or 0.3%, to a record 34,230.34.
Historically, the Dow Jones Industrial Average reached an all time high of 34331.20 in May of 2021. Dow Jones Industrial Average - data, forecasts, historical chart - was last updated on May of 2021.
The Dow Jones Industrial Average is expected to trade at 33607.87 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 31671.06 in 12 months time.