US stock futures were little changed in Asian trade on Friday after the S&P 500 closed out its worst first-half performance in decades, as concerns over heightened inflation and the prospects of a recession continued to weigh on markets. Futures contracts tied to the three major indexes shifted between small gains and losses. Thursday marked the end of the first half of the year, where the S&P 500 dropped 20.6% for its worst first-half decline since 1970. The Dow was also down more than 15% in the first half of the year, while the Nasdaq Composite lost 29.5%. Those first-half losses came as investors grappled with surging inflation and aggressive interest rate hikes, exacerbated recently by fears that tighter financial conditions could lead to a recession. Meanwhile, the Fed-preferred core PCE price index declined to 4.7% year-on-year in May 2022 from 4.9% in April, signaling easing prices but remaining near multi-decade highs.
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.