Wall Street closed mixed on Thursday, recovering from earlier losses as concerns about the coronavirus calmed after the Word Health Organization said it is too early to consider the virus a public health emergency of international concern. On the earnings front, Procter & Gamble posted lower-than-expected revenues while quarterly earnings for both Comcast and Travelers beat forecasts. The Dow Jones lost 26 points or 0.1% to 29160, the S&P 500 edged up 4 points or 0.1% to 3326 and the Nasdaq added 19 points or 0.2% to 9402. Historically, the Dow Jones Industrial Average reached an all time high of 29400.29 in January of 2020.
The Dow Jones Industrial Average is expected to trade at 28206.05 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 27333.88 in 12 months time.