Dow To Reach 60,000, S&P 500 To Hit 8,000 By 2030 In Wall Street Veteran's 'Roaring 2020s Scenario' (2024)

FAQs

Could the Dow hit 60,000? ›

Yardeni Research's chief investment strategist, Ed Yardeni, told clients in a note that the Dow Jones Industrial Average is on track for a 50% rise to 60,000 by 2030, and the S&P 500 could climb to 8,000, thanks to earnings.

The Dow includes 30 large, well-established U.S. companies from various industries. The Nasdaq indexes focus heavily on technology companies but also include other sectors. The S&P 500 includes 500 large U.S. companies from all major industries, providing a broad market representation.

The largest single-day percentage declines for the S&P 500 and Dow Jones Industrial Average both occurred on Oct. 19, 1987 with the S&P 500 falling by 20.5 percent and the Dow falling by 22.6 percent. Two of the four largest percentage declines for the Dow occurred on consecutive days — Oct. 28 and 29 in 1929.

How has S&P 500 performed? A1. S&P 500 dropped 1.7 per cent to close out its worst week since March 2023. S&P 500 remains just 4.6 per cent below its all-time high set in July.

On April 12, 1994, the Dow Jones Industrial Average closed at 3,681.69. Over the trailing-30-year period, this widely followed index has increased at an annualized rate of 8.09%! If this superior rate of gains were to persist, the Dow could reach 50,000 before the calendar changes to 2028.

Dow Jones price prediction for the next 5 years: In 2030, projections and trends show that the Dow would reach 50,000, according to a mathematical forecasted model successfully applied in the past.

But there is one main distinction between these two indexes: The S&P 500 has 500 of the largest companies, which is why some investors believe it provides a more accurate picture of the economy. The Dow Jones, on the other hand, is composed of 30 blue-chip companies.

The S&P 500 is a stock market index maintained by S&P Dow Jones Indices. It comprises 503 common stocks which are issued by 500 large-cap companies traded on American stock exchanges (including the 30 companies that compose the Dow Jones Industrial Average).

What is the 20 year return of the S&P 500? ›

Dow plunges more than 1,000 points amid fears of U.S. economic slowdown. Stocks in the U.S. plunged for a third consecutive trading day, with the Dow Jones Industrial Average tumbling more than 1,000 points amid growing fears of an economic downturn sparked by a slowdown in hiring and consumer spending.

In almost every case, the S&P 500 has bottomed out roughly four months before the end of a recession. The index typically hits a high seven months before the start of a recession. During the last four recessions since 1990, the S&P 500 declined an average of 8.8%, according to data from CFRA Research.

S&P 500 10 Year Return is at 181.9%, compared to 186.0% last month and 176.0% last year.

Looking at the S&P 500 for the years 1993 to mid-2023, the average stock market return for the last 30 years is 9.90% (7.22% when adjusted for inflation).

Based on compounding interest rates, he said if the Dow rises 7% a year going forward, it will hit 80,000 by 2035.

Dow All-Time Highs

By the end of 2023, the previous high, registered in January 2022, had been surpassed, and the 37,000 mark had been breached. The Dow then climbed above 38,000 in January 2024.1 The index reached a new all-time high on May 16, 2024, surpassing 40,000 for the first time.

The momentum from the Covid lows carried through to 2021, with the Dow breaking above 35,000. However, the good times wouldn't last for much longer, as a bear market knocked the Dow all the way down to 28,660.51 before recovering. Since reaching that low, the Dow has surged 40%.