Wall Street closed in the green on Monday and the Dow Jones booked a fresh high, as President Donald Trump unexpectedly signed an economic relief bill that averted a government shutdown and extended unemployment benefits. Meanwhile, the House is expected to vote on a $2,000 direct payment on Monday, but the GOP-led Senate is not expected to push it through. On the pandemic front, two vaccines by Pfizer and Moderna continued the distribution process in the US and so far over one million people have been vaccinated. The Dow Jones climbed 204 points or 0.7% to 30,404. The S&P 500 gained 32 points or 0.9% to 3735. The Nasdaq added 95 points or 0.7% to 12,899.
Historically, the Dow Jones Industrial Average reached an all time high of 30525.56 in December of 2020. Dow Jones Industrial Average - data, forecasts, historical chart - was last updated on December of 2020.
The Dow Jones Industrial Average is expected to trade at 29756.58 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 28041.72 in 12 months time.