US futures were shifting between small gains and losses on Wednesday as investors weigh further stimulus talks and rising coronavirus cases. House Speaker Pelosi and Treasury Secretary Mnuchin are due to speak again today in spite of the expiration of the 48-hour deadline set by Democrats. Pelosi said she’s hopeful for a stimulus agreement before the weekend, which would be bigger, better and retroactive. Meanwhile, rising coronavirus infections remain in the spotlight, with the US reporting more than 60K new cases on Tuesday. Also, the news showed that AstraZeneca could resume its coronavirus vaccine trial as early as this week and Moderna could see emergency approval for its virus vaccine candidate in December. On the corporate front, Abbott, Tesla and Verizon are due to report quarterly results while earnings from Netflix released after the closing bell on Tuesday missed forecasts.
Historically, the Dow Jones Industrial Average reached an all time high of 29569.58 in February of 2020. Dow Jones Industrial Average - data, forecasts, historical chart - was last updated on October of 2020.
The Dow Jones Industrial Average is expected to trade at 27876.69 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 26270.17 in 12 months time.