Dow Jones Index Today: DIA Rips Higher on U.S.-China Tariff Reduction, Drug Price Executive Order

The Dow Jones Industrial Average (DJIA) is having quite a day and is well in the green to kick off the trading week. The S&P 500 (SPX) and Nasdaq 100 (NDX) are trading higher as well after both the U.S. and China agree to lower their tariffs on each other by 115% for 90 days.

Earlier today, President Trump signed an executive order aimed at lowering drug prices for American consumers. The order will create a “Most-Favored-Nation” price that will help consumers purchase drugs directly from manufacturers, cancelling out the middleman in the process.

It isn’t all good news though. Federal Reserve Governor Adriana Kugler has warned that growth this year will be slower than 2024 while disinflation is slowing down.

The Dow Jones is up by 2.82% at the time of writing.

Which Stocks are Moving the Dow Jones?

Let’s pivot to TipRank’s Dow Jones Heatmap, which illustrates the stocks that have contributed to the index’s price action.

Most sectors within the index are rising higher, although Johnson & Johnson (JNJ) and UnitedHealth Group (UNH) are slightly down following the executive order. On the other hand, drug manufacturers Merck (MRK) and Amgen (AMGN) are trading higher.

Furthermore, stocks that have strong ties to China, like Apple (AAPL), Amazon, (AMZN), and Nvidia (NVDA), are seeing elevated gains.

DIA Stock Moves Higher with the Dow Jones

The SPDR Dow Jones Industrial Average ETF (DIA) is an exchange-traded fund designed to track the movement of the Dow Jones. As such, DIA is rising in correlation with the Dow Jones today.

Wall Street believes that DIA stock has room to rise. During the past three months, analysts have issued an average DIA price target of $471.81 for the stocks within the index, implying upside of 11.23% from current prices. The 31 stocks in the DIA carry 30 buy ratings, 1 hold ratings, and zero sell ratings.