US stock indexes closed out a wobbly session virtually flat on Friday, as investors weighed the prospect of a robust economic recovery against growing inflationary pressure. While a re-opening economy has unleashed pent-up demand, the supply side of the equation is striving to meet it, resulting in the price pressures seen in recent data, particularly a stronger-than-expected inflation reading on Thursday. Still, investors have been digesting the Fed's narrative that a surge in inflation is transitory and because of those supply and demand imbalances. All eyes next week turn to the Federal Reserve monetary policy announcement for guidance about the path of crisis-era stimulus. For the week, the blue-chip Dow fell 0.8% while the S&P 500 gained 0.4% for its third straight positive week, and the Nasdaq Composite advanced 1.9%, posting its fourth winning week in a row.
Historically, the United States Stock Market Index (US30) reached an all time high of 35092.75 in May of 2021. United States Stock Market Index (US30) - data, forecasts, historical chart - was last updated on June of 2021.
The United States Stock Market Index (US30) is expected to trade at 33798.06 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 31850.30 in 12 months time.