US futures traded in the green to start February, attempting to recover from the biggest losses since October as the Reddit boom is spreading to other markets such as silver, easing pressure on the tech sector and hedge funds losses. Meanwhile, President Biden will meet 10 Republican senators who have counter-proposed a smaller $1.9 trillion coronavirus aid-bill. Investors will also keep an eye on corporate quarterly results with companies including Alphabet, Amazon, Exxon Mobil and Pfizer due to report during the week. On the data front, the ISM Manufacturing PMI is due later in the day. Last week, the Dow Jones declined 3.3%, the S&P 500 3.3%, and the Nasdaq 3.5%. For the month, the Dow fell 2% and the S&P 500 1.1%, while the Nasdaq gained 1.4%.
Historically, the Dow Jones Industrial Average reached an all time high of 31293.42 in January 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 29502.65 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 27802.42 in 12 months time.