US stocks ended lower on Friday amid concerns about the economic recovery in the face of the spreading delta variant and China’s crackdown on large technology companies. Adding to a gloomier outlook, Amazon plunged more than 7% after it reported its first quarterly revenue miss in three years and gave weaker guidance. On the data front, both personal income and spending for June topped forecasts, while core PCE inflation came below expectations. On the monetary policy side, the US central bank decided to keep its benchmark interest rate at a record-low level of near-zero and the pace of the quantitative easing program unchanged. Still, policymakers characterized the economic recovery as robust and flagged ongoing discussions around the eventual withdrawal of monetary policy support. The Dow and Nasdaq have added 1.2% and 1% respectively in July, while the S&P 500 rose more than 2% over the same period.
Historically, the United States Stock Market Index (US30) reached an all time high of 35171.52 in July of 2021. United States Stock Market Index (US30) - data, forecasts, historical chart - was last updated on July of 2021.
The United States Stock Market Index (US30) is expected to trade at 34202.23 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 31848.53 in 12 months time.