Today is the latest in a long line of milestones for the U.S. stock exchange and the American Math Stack Exchange (AMSE).
At 6:00pm Pacific Time (12:00am UTC), the stock market will have settled at a level equal to the $12.8 trillion (AUD$14.6 trillion) that is equal to a 12% annual return on average over the last 70 years.
That’s not a very high return.
At 7:00 p.m.
(16:00 GMT), the S&P 500 will have closed at 7,838.60, or $13,947.50.
It’s a big jump but it is far from a bubble.
The S&P 500 is still trading at a record low of 7,948.80, or just shy of $1,000.
That will remain in place for at least the next 10 days.
That’s because the stock exchange will continue to update its daily average number of trades and it will be possible to buy or sell shares.
At 11:00 a.m., the exchange will open its doors to all members.
The day’s opening ceremony will include a speech from former President Bill Clinton and former Vice President Al Gore, who will speak about the value of the U,S.
dollar, and the future of the world.
The Dow Jones Industrial Average will hit 10,000 for the first time in its 10-year history.
It will remain there for at most one day.
The S&p 500 will trade at around 10,300 for the second time in three years.
The Nasdaq Composite will trade up around 2,000 or 3,000 points for the third time in four years.
The U.K. pound will weaken against the euro, with the FTSE 100 down 1.6%, the British pound sliding 0.7% and the Canadian dollar down 0.6%.