Wall Street closed higher in the first session of the third quarter, as stocks bounced back from earlier losses amid thin trading volumes ahead of a holiday-extended weekend, with utilities, consumer services, and retailers leading gains. The Dow was up 322 points, the S&P 500 rose 1.1%, and the NASDAQ booked a 0.9% gain. Still, all three indexes posted weekly losses, NASDAQ underperformed with a 4.1% loss, the S&P fell 2.2% and the Dow shed 1.3%. Results from surveys of manufacturers showed activity levels in June remained near two-year lows, adding to a slew of weak data earlier this week, namely dire consumer morale and worse-than-expected GDP figures. Among individual stocks, chipmakers sank to the bottom after Micron released a gloomy outlook and retailer Kohl's plunged 19.7% after publishing disappointing guidance. Last session, the Dow and the S&P 500 booked their worst 1st half performances since 1962 and 1970, respectively, while the Nasdaq saw its worst-ever half-year run.
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 July of 2022.
The United States Stock Market Index (US30) is expected to trade at 29827.99 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 28246.66 in 12 months time.