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Dow Jones Forecast and Price Prediction 2024: 40,000 points in the next months?

Dow Jones price prediction 2024
Cristian Cochintu
Cristian Cochintu
18 December 2023

It’s that time of the year when Wall Street’s top strategists release where they see the stock market heading in the year ahead. Typically, the average forecast for the group predicts the Dow Jones Index climb by about 10%, which is in line with historical averages. 

The three major stock market indexes reached fresh highs for the year during the month of December, with the Dow Jones Industrial Average (USA30) soaring above the previous all-time high at 36,953 on January 5, 2022.

That’s a 2023 closing high for the Dow, above 37,000, extending a hot streak that began in November. The indexes have notched impressive gains for the year, with the Dow Jones up more than 10%.

A resilient economy, moderating inflation, and the potential peak in interest rates helped investors overcome fears of a potential recession and jump back into stocks. Now the biggest question investors have is whether the strong market rally can continue into 2024 and is an economic slowdown and subsequent stock market crash are imminent.

CAPEX.com has put together a complete rundown of the top Wall Street forecasts for the Dow Jones and stock market in 2024. From economic recessions to the continuation of the bull market, here's what Wall Street expects to happen next year.  

Key Dow Jones Forecast & Price Predictions - Summary

  • Dow Jones forecast today: Dow Jones confirmed that the the fourth quarter is the friendliest period for stocks historically. The Christmas rally and the new new all-time highs should be followed by a correction. 
     
  • Dow Jones price prediction 2024: The Dow Jones price predictions range from 34,000 (-8.5%) to 45,000 (+20%), with the average expected price increase in line with the historical annual performance of +10%.  
     
  • 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. 

With CAPEX.com you can trade Dow Jones through CFDs if you want to speculate on price movements or invest in Dow stocks or ETFs

   

Dow Jones Forecast 2024 – Fundamental: Record High? 

How much a year can change. Stock analysts predicted that high interest rates would cause an impending recession that would destroy the financial system at the beginning of 2023. On the other hand, Wall Street anticipates a soft landing for the US economy in 2024, which would propel the market to all-time highs.  

Most analysts forecast Dow Jones Index will rise in the coming year and that the Federal Reserve will abandon its aggressive rate-hiking campaign. But like most New Year's resolutions, stock forecasts frequently give way to actuality.  

That imminent recession analysts predicted last year? It never materialized. Instead, the economy continues to grow; inflation is easing, and equities are cruising toward year-end having booked double-digit gains.  

Economic growth is averaging at about 3% in 2023, compared to 1.8% annualized growth over the last 10 years. That's a pretty healthy recession we had in 2023, we can ask.  

In 2024, investors will have to contend with a presidential election as well as geopolitical conflicts in Israel and Ukraine, all or none of which could impact how U.S. equities fare.

We are likely at the end of the Fed’s hiking cycle, but some analysts don’t anticipate rate cuts until the second half of 2024. The shape of the yield curve and the trajectory of growth will be key drivers of returns.

Strategists are split on whether valuations are reasonable or whether they are a bit rich. This debate won’t go away anytime soon as valuations have historically signaled very little about short-term price action. Although most strategists agree that valuations are elevated, not all believe that will prevent prices from going higher.  

While conventional wisdom suggests that a rate cut boosts performance, historical data shows investors could actually be rewarded the most in a pause period, before easing begins. 

This year, strategists are offering a pretty wide range of views. Some see weakness. Some see strength. The Dow Jones price predictions range from 34,000 to 45,000. This implies returns between -8.5% and +20% from new record highs of 37,000. For what it’s worth, the forecasts aren’t as skewed to the downside as in 2023. 

Dow Jones Forecast 2024 – What Experts Are Saying?

Before we move on, I’d caution against putting too much weight into one-year targets. It’s extremely difficult to predict short-term moves in the market with any accuracy. Few on Wall Street have ever been able to do this successfully. We do however think the research, analysis, and commentary behind these forecasts can be informative.

Bank of America: bullish, Dow Jones price forecast of 39,000-40,000

Because of the Federal Reserve's significant success in tightening its monetary policy after more than a year of aggressive interest rate hikes and the continuous shrinking of its balance sheet, Bank of America is bullish on the stock market in 2024.  

"We're bullish not because we expect the Fed to cut, but because of what the Fed has accomplished. Companies have adapted to higher rates and inflation."  

It also helps that investors continue to focus on the possibility of an economic recession and are paying greater attention to negative than positive news.

"We are past maximum macro uncertainty. The market has absorbed significant geopolitical shocks already and the good news is we're talking about the bad news."

Deutsche Bank: bullish, Dow Jones price forecast of 40,000

According to Deutsche Bank's 2024 stock market outlook, the US economy is approaching a soft landing as inflation cools and GDP growth remains solid, and that's a great scenario for the stock market.

"Even if an economic recession does materialize in 2024, it shouldn't impact stock prices dramatically because most investors are anticipating it."

The bank forecast Dow Jones and SP500 to rise around 10% in 2024, up to 40,000 and 5,100 points, and if the economy dodges a recession, the gains could nearly double to about 19% in its bull-case scenario.

JPMorgan: bearish, Dow Jones price prediction of 33,000

JPMorgan said high equity valuations, high-interest rates, a weakening consumer, rising geopolitical risks, and a potential recession give it little confidence that stocks will move higher in 2024.

"We expect a more challenging macro backdrop for stocks next year with softening consumer trends at a time when investor positioning and sentiment have mostly reversed."

The bank's Dow Jones forecast for 2024 of around 33,000 points is explained by lackluster global earnings growth with a downside for equities from current levels.

"Equities are now richly valued with volatility near the historical low, while geopolitical and political risks remain elevated."

Morgan Stanley: neutral, Dow Jones price prediction of 35,000

Morgan Stanley anticipates a flat stock market in 2024 but notes that certain regions of the market are outperforming others.  The corporation predicts that the highly narrow leadership of the mega-cap tech stocks will hold through the beginning of 2019 before eventually collapsing.

"The question for investors at this stage is whether the leaders can drag the laggards up to their level of performance or if the laggards will eventually overwhelm the leaders' ability to keep delivering in this challenging macro environment."

Morgan Stanley recommended investors avoid the high-priced tech stocks and instead focus on defensive growth stocks, typically found in the healthcare, utilities, and consumer staples sectors, as well as late-cycle cyclical stocks typically found in the industrials and energy sectors. Their Dow Jones forecast for 2024 is in line with the actual prices, although slightly bearish.

Goldman Sachs: neutral, Dow Jones price forecast of 37,000-38,000

Goldman Sachs forecast the Dow Jones as well as the S&P 500 to finish 2024 slightly higher from current levels as stocks are stuck in a "fat and flat" range since 2022.  

"As higher-for-longer interest rates make valuation expansion from here difficult to justify, our market forecasts are broadly in line with earnings growth. On a weighted basis, we expect 8% price returns and 10% total returns for Global equities over the next year, taking them towards the upper end of the Fat & Flat range that they have been in since 2022."

Corporate earnings should also remain solid next year, providing a buoy to stock prices, as long as a recession is averted.

"In the absence of recession, corporate earnings rarely fall. Nevertheless, the lack of strong profit growth and a high starting valuation (particularly in the US equity market), and low equity risk premia leaves an unexciting outlook overall on a risk-adjusted basis, relative to cash returns."

Societe Generale: neutral, Dow Jones price forecast of 37,500  

The Dow Jones index should be in ‘buy-the-dip’ territory, as leading indicators for profits continue to improve. Yet, the journey to the end of the year should be far from smooth, as the bank expects a mild recession in the middle of the year, a credit market sell-off in 2Q, and ongoing quantitative tightening. 

"In the US, the long-predicted recession will in our view belatedly materialize in 2024, most likely during the middle quarters of the year, though it stands to be brief and shallow."

Wells Fargo: neutral, Dow Jones price forecast of 36,000  

With the VIX low, credit spreads tight, equities rallying, and the cost of capital higher/volatile, it's time to downshift. The bank expects a volatile and ultimately flattish Dow Jones price prediction in 2024, as valuation limits upside and rate uncertainty elevates downside risk.

"There already are some cracks that are beginning to appear in the economy, and these strains likely will intensify in the coming months as monetary restraint remains in place. Our base case is that real GDP will contract modestly starting in mid-2024." 

Dow Jones Forecast 2024 – Technical 

In equity land, the US30 is where the big moves are playing out, with the index in beast mode and a mere 1.9% away from its all-time highs.  

What concerns from a technical analysis perspective is that these markets are rich in positioning, valuation, and technically overbought. 

Dow Jones Forecast 2024
Source: CAPEX WebTrader

With Dow Jones breaking to new all-time highs, we look at the next correction to evaluate the strength of the trend. Though, there are 3 potential scenarios:

  • A weak correction above the previous swing high, basically leaving a space between the low and the Jan 2022 high (37,000), indicates that buyers have overwhelmed sellers or simply that sellers are disinterested. This is a positive sign for the underlying trend and supports the most bullish Dow Jones forecasts and price predictions.
  • An intermediate trend counter trend below the previous swing high (37,000 on Jan 2022), indicates that the underlying trend is struggling. This should look like a rising wedge or ending diagonal and should be resolved with an exhaustion move-up (final leg) or a break of the key support levels and further sell-offs. This type of trend pattern supports the neutral Dow Jones forecasts and price predictions as the struggling move up should continue for a few months.
  • A reversal movement after new highs is bearish and signals a fake breakout of the Jan 2022 highs. Such a development should lead to strong sell-offs within the start of 2024 and support the bearish Dow Jones price predictions. 

Dow Jones Price Prediction 2024 from AI-Based Websites 

As for Dow Jones price predictions, Trading Economics expected the US30 index to trade at 35432 points by the end of this quarter and estimated the index could drop to 33,000 points within 12 months based on its global macro models and analysts' expectations.   

Algorithm-based forecasting service Wallet Investor was bullish on the Dow Jones index, saying DJIA is “a good long-term (1-year) investment”. It estimated the index to climb above 37,800 points by the end of 2024 and continue the uptrend during the next 5 years. 

The agency forecasted Dow Jones will close in 2024 at 40,000 points.  The updated Dow Jones price prediction for the next 5 years is for the index to trade around 45,000 points.

Long Forecast predicts Dow Jones to trade at 39071 points in the first month of 2024 and and advance up to 48,000 points by the end of the year. This is the most bullish Dow Jones forecast for 2024.  

The Dow Jones is forecasted to trade in the 40,000-50,000 range during 2025 and continue the sideways movements in the next years. In five years from now, the agency forecasts Dow Jones to trade at around 50,000 points. The forecasting services did not provide a 10-year Dow Jones price prediction.  

Dow Jones Price Prediction 2025-2030 (USA30 Forecast)  

While some advisors are optimistic that the bull market will continue, others are preparing investors for what they see as its imminent end. As the current bull is now the second-longest ever, these advisors say that the odds are overwhelming and that it will soon be going bearish. 

However, Dave S. Gilreath, partner and founder of Sheaff Brock Investment Advisors, is confident and sees a bright economic and other market future ahead. He believes the current bull is likely to continue galloping for years to come, pushing the Dow Jones Industrial Average above 40,000 by 2025. 

Companies typically grow their earnings over time. Assuming an average growth of net earnings is 7% per year, in a five-year period a company’s cumulative profit will be about $40 for every $100 invested.  

Reasoning onward, using a mathematical forecasting model, analysts revealed more interesting results. The year 2020 marks when this math equation took us above 30,000. In 2030, projections and trends show that the Dow would reach 50,000, says Brian Evans - the owner of Madrona Funds, LLC, and Bauer Evans CPAs, who also serves as the firm's chief investment officer, lead planner, and senior portfolio manager.  

Dow Jones Price Predictions by Components 

Dow Jones price predictions are based on its components' price predictions which we'll review below. The list is sorted by each component's weight in the index. 

Dow Jones Stock Price Forecast - UnitedHealth Group Inc (9.69%) 

The 23 analysts offering 12-month price forecasts for Dow Jones component UnitedHealth Group Inc. have a median target of 591, with a high estimate of 675 and a low estimate of 525. The median estimate represents a +7% increase from the opening prices of 2024.  

The current consensus among 26 polled investment analysts is to buy stock in UnitedHealth Group Inc. This rating has held steady since February, when it was unchanged from a buy rating. 

Dow Jones Stock Price Forecast - Goldman Sachs Group (6.39%) 

The 23 analysts offering 12-month price forecasts for Dow Jones component Goldman Sachs Group Inc have a median target of 382 with a high estimate of 447 and a low estimate of 305. The median estimate represents a +5% increase from the opening prices of 2024.

The current consensus among 27 polled investment analysts is to buy stock in Goldman Sachs Group Inc. This rating has held steady since February, when it was unchanged from a buy rating. 

Dow Jones Stock Price Forecast – Microsoft Corp (6.07%) 

The 41 analysts offering 12-month price forecasts for Dow Jones component Microsoft Corp have a median target of 415, with a high estimate of 600 and a low estimate of 350. The median estimate represents a +10% increase from the opening prices of 2024.

The current consensus among 49 polled investment analysts is to buy stock in Microsoft Corp. This rating has held steady since February, when it was unchanged from a buy rating. 

Dow Jones Stock Price Forecast – McDonald's Corp (5.87%) 

The 30 analysts offering 12-month price forecasts for Dow Jones component McDonald's Corp have a median target of 315, with a high estimate of 383 and a low estimate of 270. The median estimate represents a +6% increase from the opening prices of 2024.

The current consensus among 49 polled investment analysts is to buy stock in Microsoft Corp. This rating has held steady since February, when it was unchanged from a buy rating. 

Dow Jones Stock Price Forecast – Home Depot Inc. (5.68%) 

The 31 analysts offering 12-month price forecasts for Dow Jones component Home Depot Inc. have a median target of 331, with a high estimate of 384 and a low estimate of 242. The median estimate represents a -2% decrease from the opening prices of 2024. 

The current consensus among 37 polled investment analysts is to hold stock in Home Depot Inc. This rating has held steady since February, when it was unchanged from a buy rating. 

Dow Jones Stock Price Forecast – Amgen Inc (4.61%) 

The 18 analysts offering 12-month price forecasts for Dow Jones component Amgen Inc. have a median target of 286, with a high estimate of 320 and a low estimate of 185. The median estimate represents a +2% increase from the opening prices of 2024.

The current consensus among 27 polled investment analysts is to hold stock in Amgen Inc. This rating has held steady since February, when it was unchanged from a hold rating. 

Dow Jones Stock Price Forecast – Visa Inc (4.48%) 

The 32 analysts offering 12-month price forecasts for Dow Jones component Visa Inc have a median target of 277, with a high estimate of 25 and a low estimate of 220. The median estimate represents a +6% increase from the opening prices of 2024.

The current consensus among 38 polled investment analysts is to buy stock in Visa Inc. This rating has held steady since February, when it was unchanged from a buy rating. 

Dow Jones Stock Price Forecast – Caterpillar Inc (4.18%) 

The 23 analysts offering 12-month price forecasts for Dow Jones component Caterpillar Inc have a median target of 261, with a high estimate of 364 and a low estimate of 175.00. The median estimate represents a -2% decrease from the opening prices of 2024.

The current consensus among 29 polled investment analysts is to buy stock in Caterpillar Inc. This rating has held steady since February, when it was unchanged from a buy rating. 

Dow Jones Stock Price Forecast – Boeing Co (3.92%) 

The 22 analysts offering 12-month price forecasts for Dow Jones component Boeing Co have a median target of 270, with a high estimate of 300 and a low estimate of 170. The median estimate represents a +7% increase from the opening prices of 2024. 

The current consensus among 27 polled investment analysts is to buy stock in Boeing Co. This rating has held steady since February, when it was unchanged from a buy rating. 

Dow Jones Stock Price Forecast – Honeywell International Inc (3.90%) 

The 42 analysts offering 12-month price forecasts for Dow Jones component Salesforce Inc. have a median target of 212, with a high estimate of 250 and a low estimate of 159. The median estimate represents a +7% increase from the opening prices of 2024.

The current consensus among 28 polled investment analysts is to buy stock in Honeywell International Inc. This rating has held steady since February, when it was upgraded from a hold rating. 

Dow Jones Stock Price Forecast – Salesforce Inc (3.82%) 

The 42 analysts offering 12-month price forecasts for Dow Jones component Salesforce Inc. have a median target of 225.00, with a high estimate of 325.00 and a low estimate of 145.00. The median estimate represents a +7% increase from the opening prices of 2024. 

The current consensus among 48 polled investment analysts is to buy stock in Salesforce Inc. This rating has held steady since February, when it was unchanged from a buy rating. 

Dow Jones Stock Price Forecast - Travelers Companies Inc. (3.56%) 

The 18 analysts offering 12-month price forecasts for Dow Jones component Travelers Companies Inc. have a median target of 185.00, with a high estimate of 230.00 and a low estimate of 165.00. The median estimate represents a +1% increase from the opening prices of 2024. 

The current consensus among 24 polled investment analysts is to hold stock in Travelers Companies Inc. This rating has held steady since February, when it was unchanged from a hold rating. 

Dow Jones Stock Price Forecast - Apple Inc (3.29%) 

The 37 analysts offering 12-month price forecasts for Dow Jones component Apple Inc. have a median target of 200, with a high estimate of 240 and a low estimate of 125. The median estimate represents a +1% increase from the opening prices of 2024. 

The current consensus among 41 polled investment analysts is to buy stock in Apple Inc. This rating has held steady since February, when it was unchanged from a buy rating. 

Dow Jones Stock Price Forecast - Johnson & Johnson (3.22%) 

The 19 analysts offering 12-month price forecasts for Dow Jones component Johnson & Johnson have a median target of 172, with a high estimate of 215.00 and a low estimate of 164. The median estimate represents a +12% increase from the opening prices of 2024.

The current consensus among 23 polled investment analysts is to hold stock in Johnson & Johnson. This rating has held steady since February when it was unchanged from a hold rating. 

Dow Jones Stock Price Forecast – Chevron Corporation (3.10%) 

The 24 analysts offering 12-month price forecasts for Dow Jones component Chevron Corp have a median target of 184, with a high estimate of 215 and a low estimate of 170. The median estimate represents a +24% increase from the opening prices of 2024.

The current consensus among 28 polled investment analysts is to buy stock in Chevron Corp. This rating has held steady since February, when it was unchanged from a hold rating. 

Dow Jones Stock Price Forecast – Procter & Gamble Co (3.09%) 

The 22 analysts offering 12-month price forecasts for Dow Jones component Procter & Gamble Co have a median target of 169, with a high estimate of 177 and a low estimate of 142.00. The median estimate represents a +14% increase from the opening prices of 2024. 

The current consensus among 26 polled investment analysts is to buy stock in Procter & Gamble Co. This rating has held steady since February, when it was unchanged from a buy rating. 

Dow Jones Stock Price Forecast - Walmart Inc. (2.99%) 

The 35 analysts offering 12-month price forecasts for Dow Jones component Walmart Inc have a median target of 180, with a high estimate of 210 and a low estimate of 163. The median estimate represents a +13% increase from the opening prices of 2024.

The current consensus among 40 polled investment analysts is to buy stock in Walmart Inc. This rating has held steady since February, when it was unchanged from a buy rating. 

Dow Jones Stock Price Forecast - American Express (2.96%) 

The 23 analysts offering 12-month price forecasts for Dow Jones component American Express Co have a median target of 176, with a high estimate of 220.00 and a low estimate of 125. The median estimate represents a +2% increase from the opening prices of 2024.

The current consensus among 31 polled investment analysts is to hold stock in American Express Co. This rating has held steady since February, when it was unchanged from a hold rating. 

Dow Jones Stock Price Forecast - JPMorgan Chase & Co (2.96%) 

The 23 analysts offering 12-month price forecasts for Dow Jones component JPMorgan Chase & Co have a median target of 170, with a high estimate of 233 and a low estimate of 140.00. The median estimate represents a +6% increase from the opening prices of 2024.

The current consensus among 26 polled investment analysts is to buy stock in JPMorgan Chase & Co. This rating has held steady since February, when it was unchanged from a buy rating. 

Dow Jones Stock Price Forecast – Nike Inc (2.46%) 

The 29 analysts offering 12-month price forecasts for Dow Jones component Nike Inc. have a median target of 125.00, with a high estimate of 160.00 and a low estimate of 98.00. The median estimate represents a +3% increase from the opening prices of 2024. 

The current consensus among 34 polled investment analysts is to buy stock in Nike Inc. This rating has held steady since February, when it was unchanged from a buy rating. 

Dow Jones Stock Price Forecast – IBM (2.43%) 

The 13 analysts offering 12-month price forecasts for Dow Jones component International Business Machines Corp have a median target of 147, with a high estimate of 179 and a low estimate of 110. The median estimate represents a +10% increase from the opening prices of 2024.

The current consensus among 17 polled investment analysts is to hold stock in International Business Machines Corp. This rating has held steady since February, when it was unchanged from a hold rating.

Dow Jones Stock Price Forecast – Merck & Co Inc (2.33%) 

The 23 analysts offering 12-month price forecasts for Dow Jones component Merck & Co. Inc. have a median target of 125.00, with a high estimate of 135.00 and a low estimate of 102.00. The median estimate represents a +16% increase from the opening prices of 2024. 

The current consensus among 28 polled investment analysts is to buy stock in Merck & Co. Inc. This rating has held steady since February, when it was unchanged from a buy rating. 

Dow Jones Stock Price Forecast – 3M Company (2.02%) 

The 16 analysts offering 12-month price forecasts for Dow Jones component 3M Co have a median target of 110.00, with a high estimate of 158.00 and a low estimate of 85.00. The median estimate represents a +3% increase from the opening prices of 2024. 

The current consensus among 20 polled investment analysts is to hold stock in 3M Co. This rating has held steady since February, when it was unchanged from a hold rating. 

Dow Jones Stock Price Forecast – Walt Disney Company (1.93%) 

The 25 analysts offering 12-month price forecasts for Dow Jones component Walt Disney Co. have a median target of 109, with a high estimate of 125 and a low estimate of 58. The median estimate represents a +16% increase from the opening prices of 2024. 

The current consensus among 30 polled investment analysts is to buy stock in Walt Disney Co. This rating has held steady since February, when it was unchanged from a buy rating. 

Dow Jones Stock Price Forecast – Coca-Cola Co (1.93%) 

The 20 analysts offering 12-month price forecasts for Dow Jones component Coca-Cola Co have a median target of 66, with a high estimate of 75.00 and a low estimate of 59. The median estimate represents a +18% increase from the opening prices of 2024. 

The current consensus among 26 polled investment analysts is to buy stock in Coca-Cola Co. This rating has held steady since February, when it was unchanged from a buy rating. 

Dow Jones Stock Price Forecast – Dow Inc (1.93%) 

The 22 analysts offering 12-month price forecasts for Dow Jones component Dow Inc. have a median target of 57.50, with a high estimate of 70.00 and a low estimate of 47.00. The median estimate represents a +5.69% increase from the opening prices of 2024. 

The current consensus among 25 polled investment analysts is to hold stock in Dow Inc. This rating has held steady since February, when it was unchanged from a hold rating. 

Dow Jones Stock Price Forecast – Cisco Systems Inc (0.90%) 

The 17 analysts offering 12-month price forecasts for Dow Jones component Cisco Systems Inc. have a median target of 55, with a high estimate of 69.00 and a low estimate of 45. The median estimate represents a +5% increase from the opening prices of 2024.

The current consensus among 24 polled investment analysts is to hold stock in Cisco Systems Inc. This rating has held steady since February, when it was unchanged from a hold rating. 

Dow Jones Stock Price Forecast – Verizon Communications Inc (0.74%) 

The 21 analysts offering 12-month price forecasts for Dow Jones component Verizon Communications Inc. have a median target of 38, with a high estimate of 45 and a low estimate of 31. The median estimate represents a +8% increase from the opening prices of 2024.

The current consensus among 26 polled investment analysts is to hold stock in Verizon Communications Inc. This rating has held steady since February, when it was unchanged from a hold rating. 

Dow Jones Stock Price Forecast – Walgreens Boots Alliance Inc (0.62%) 

The 18 analysts offering 12-month price forecasts for Dow Jones component Walgreens Boots Alliance Inc. have a median target of 25, with a high estimate of 37 and a low estimate of 22. The median estimate represents a +3% increase from the opening prices of 2024.

The current consensus among 18 polled investment analysts is to hold stock in Walgreens Boots Alliance Inc. This rating has held steady since February, when it was unchanged from a hold rating. 

Dow Jones Stock Price Forecast – Intel Corp (0.62%) 

The 34 analysts offering 12-month price forecasts for Dow Jones component Intel Corp have a median target of 36, with a high estimate of 56 and a low estimate of 17.00. The median estimate represents a -14% increase from the opening prices of 2024.

The current consensus among 42 polled investment analysts is to hold stock in Intel Corp. This rating has held steady since February, when it was unchanged from a hold rating. 

*It is worth keeping in mind that both analysts and online forecasting sites can and do get their predictions wrong. Keep in mind that past performance and forecasts are not reliable indicators of future returns. When considering Dow Jones price predictions for 2022 and beyond, it’s important to keep in mind that high market volatility and macroeconomic environment make it difficult to produce accurate long-term Dow Jones analysis and estimates. As such, analysts and forecasters can get their Dow Jones forecast wrong. 

It is essential to do your research and always remember your decision to trade depends on your attitude to risk, your expertise in the market, the spread of your investment portfolio, and how comfortable you feel about losing money. You should never invest money that you cannot afford to lose.

Factors That Can Impact the Dow Jones Stock Price  

  • Current News - The price of the Dow Jones is calculated using data from its companies. That is why it is important to keep a close eye on all the major news and results of the companies that weigh the most in this reference index. 
  • Economic Data - Figures may include unemployment, trade balance, GDP growth rate, inflation rate, retail sales, durable goods, industrial orders, business sentiment, or consumer confidence. 
  • U.S. Dollar - The value of the U.S. dollar will affect the export or import profitability of U.S. listed companies. If the U.S. dollar is going down, the stock index tends to rise also. 
  • FED - Communications from the U.S. Federal Reserve on interest rates, as well as the press conferences of these organizations usually impact the Dow Jones index

 

Is Dow Jones a good investment? 

Since its inception in May 1896, the Dow Jones index has returned a total of 1,710.902% with an annualized 2.325%. The values are adjusted for inflation according to the Dow Jones Return Calculator, Dividends Reinvested (DQYDJ). 

In recent years, the Dow Jones price has risen enormously, as can be seen in the above tables. The Dow Jones rate has been tracked since 1896, and in 1976, the 1000-point limit was broken. Subsequently, the limit of 20,000 points was reached in 2017, and the Dow Jones price is now already at more than 30,000 points. 

Nevertheless, the question remains where the limit lies for the Dow Jones index. What has become clear is that the Dow Jones price has become much more volatile, with daily fluctuations of hundreds of points being no exception. 

Analysts outlined in the article viewed the Dow Jones Industrial Average (US30) could reverse the downtrend if inflation started to slow. However, the Fed signaled at the 4 May meeting that further rate hikes were expected as inflation is likely to remain elevated in the coming months.  

Whether or not Dow Jones is a good investment for you depends on your attitude to risk, your expertise in this market, the spread of your portfolio, and how comfortable you feel about losing money. 

 

Read also our monthly updates on fx, commodity, and stock market:  

FAQs about Dow Jones Forecast 2024

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Cristian Cochintu
Cristian Cochintu
financial_writer

Cristian Cochintu writes about trading and investing for CAPEX.com. Cristian has more than 15 years of brokerage, freelance, and in-house experience writing for financial institutions and coaching financial writers.