Dow Jones Index Today: DIA Stock Jumps on White House Silence
The Dow Jones Industrial Average (DJIA) index underwent a massive rally on Tuesday as the stock market started to recover from weeks of pressure from tariff and trade war news. That's despite several companies listing tariffs as a major concern in their earnings reports today.
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However, the Trump administration has remained quiet recently. In this case, investors appear to be taking the lack of news as good news. No new updates from the President means there are no fresh fears about tariffs weighing on the market.
The silence from the White House is leading a recovery for the Dow Jones index, which is up 2.63% on Tuesday. This chips away at the index's 14.35% drop over the last three months.
How Does This Affect DIA Stock?
The SPDR Dow Jones Industrial Average ETF Trust, an exchange-traded fund (ETF) that tracks the Dow Jones index, also gained today. DIA stock jumped 2.74% as of this writing after a 13.98% decline over the last three months.
DIA stock is benefitting from the strength of several stocks on the Dow Jones Index today. In fact, the index is almost completely green, with several major companies scoring massive increases today, including Apple (AAPL), Nvidia (NVDA), Amazon (AMZN), Walmart (WMT), and JPMorgan Chase (JPM). If this positive momentum continues, it could mark a turnaround after an extended period of investor fear.
Is DIA Stock a Buy, Sell, or Hold?
Turning to Wall Street, the analysts' consensus rating for the SPDR Dow Jones Industrial Average ETF Trust is Moderate Buy. This is based on 31 consensus ratings of stocks in the Dow Jones index. Of those, 29 have consensus Buy ratings while two have consensus Hold ratings. That also comes with an average price target of $489.76, representing a potential 24.97% upside for DIA stock.
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