Wall Street closed higher on Friday and the Nasdaq notched a fresh record, as investors remain expectant about additional COVID-19 stimulus. On the corporate side, Shares of Disney erased earlier gains and closed lower after posting strong growth in paid streaming subscribers, reaching almost 95 million on its Disney+ service. On the pandemic side, President Joe Biden said his administration purchased another 200 million doses of COVID-19 vaccine from Moderna and Pfizer, bringing the US total to 600 million, adding that the US will have enough supply for 300 million Americans by the end of July. The Dow Jones gained 28 points or 0.1% to 31,459. The S&P 500 added 19 points or 0.5% to 3925. The Nasdaq climbed 70 points or 0.5% to 14,096. During the week, the Dow and S&P jumped 1% and the Nasdaq 1.7%.
Historically, the Dow Jones Industrial Average reached an all time high of 31561.91 in February of 2021. Dow Jones Industrial Average - data, forecasts, historical chart - was last updated on February of 2021.
The Dow Jones Industrial Average is expected to trade at 30777.00 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 29003.34 in 12 months time.