Latest news with #SPDRDowJonesIndustrialAverage
Business Insider
23-04-2025
- Business
- Business Insider
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. Stay Ahead of the Market: Discover outperforming stocks and invest smarter with Top Smart Score Stocks. Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener. 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.
Yahoo
02-04-2025
- Business
- Yahoo
Stocks Tumble After Hours as Trump Announces Sweeping Reciprocal Tariffs
U.S. stocks nosedived in after-hours trading Wednesday as President Trump announced sweeping tariffs on imported products from a wide range of countries. The SPDR S&P 500 ETF (SPY) declined more than 2% Wednesday afternoon, while the SPDR Dow Jones Industrial Average ETF (DIA) fell 1% and the Invesco QQQ Trust (QQQ), which tracks the Nasdaq 100, dropped as much as 3%. Trump on Wednesday announced the U.S. would implement a minimum 10% tariff on nearly all countries. He also announced country-specific tariffs on 60 nations equivalent to half the rate the administration claims those countries levy on U.S. goods in the form of 'tariffs, non-monetary barriers, and other forms of cheating.' The tariffs will be applied to all of America's largest trading partners, and include a 20% rate on imports from the European Union, 26% on Japanese imports, and 34% on imports from China. Shares of Apple (AAPL), which has a major manufacturing presence in China, Vietnam, and India, were down about 6% in late trading. Electric vehicle maker Tesla (TSLA) was about 4% lower, while retail giants Amazon (AMZN) and Walmart (WMT) slid about 5% and 6%, respectively. Apparel and footwear manufacturers were among the hardest hit stocks, with the reciprocal tariffs aimed at a broad swath of countries responsible for manufacturing most U.S.-bound textiles. Nike (NKE) shares slumped 7%, and Swiss shoemaker On Holding (ONON) plummeted 17%. Canada-based Lululemon (LULU) was down more than 11% and Deckers Outdoor (DECK) slid nearly 12%. Treasury yields tumbled amid concerns the tariffs will slow U.S. growth and even stress the economy. The 10-year Treasury yield dropped to 4.13%, near its lowest level this year. Read the original article on Investopedia Sign in to access your portfolio
