Wall Street closed deeply in the red on Monday 19 November 2019, dragged by steep declines in shares of Apple, Netflix, Alphabet and Facebook. Negative data flow for tech shares ranged from a production cuts on lower demand to mounting regulatory and antitrust risks. The Dow Jones plunged 395 points or 1.6% to 25018. The S&P plummeted 46 points or 1.7% to 2691. The Nasdaq tanked 219 points or 3.0% to 7029. 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.