The Dow Jones added 27 points on Thursday, extending gains for the second straight session supported by an over 4% advance in Disney shares after the media company beat estimates on both earnings and revenue while reporting better-than-expected subscriber numbers for the last quarter. The S&P 500 closed slightly below the flatline after touching a 3-month high earlier in the session and the Nasdaq reversed gains to end 0.6% lower as investors reassessed the outlook for monetary policy and tech traders took advantage of this week’s rally. Data showed US producer prices declined in July for the first time in over two years, while analysts expected them to increase, suggesting that producer inflation could be on a downward trend. The market movement followed a softer-than-expected July CPI reading on Wednesday, which prompted markets to speculate that the Federal Reserve might ease the interest rate hikes.
Historically, the United States Stock Market Index (US30) reached an all time high of 36952.65 in January of 2022. United States Stock Market Index (US30) - data, forecasts, historical chart - was last updated on August of 2022.
The United States Stock Market Index (US30) is expected to trade at 31894.81 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 29316.46 in 12 months time.