Wall Street closed moderately in the green on 17 January 2019, as a report said that the United States is considering easing china tariffs during negotiations. Also, earnings season continued with mixed results, with Morgan Stanley falling 4.4% on weaker than expected Q4 results. The Dow Jones gained 163 points or 0.7% to 24370. The S&P 500 added 20 points or 0.8% to 2636. The Nasdaq advanced 50 points or 0.7% to 7085. 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 22667.49 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 21661.84 in 12 months time.