The Dow Jones (DJIA) is well in the green as technology and AI stocks within the blue-chip index mount a comeback.
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This morning, new economic data pointed to a resilient job market. New applications for unemployment benefits was 227,000, falling from 229,000 a week ago and below the expectation for 230,000.
On top of that, business activity, as measured by the S&P Global Flash U.S. composite purchasing managers’ index (PMI), is on the rise. A caveat to the composite PMI reading is that some business may have been pulled forward to fall within the 90-day U.S.-China tariff reduction pause.
Meanwhile, trade deal developments within the past week have been scarce as President Trump focuses on passing his tax-and-spending bill. The House voted to pass the bill this morning, sending it over to the Senate for the next round of approval.
The Dow Jones is up by 0.40% at the time of writing.
Which Stocks are Moving the Dow Jones?
Let’s shift our attention to TipRank’s Dow Jones Heatmap, which illustrates the performance of the stocks within the index.
Technology and AI stocks, which make up a significant portion of the index, are leading the charge today. Microsoft (MSFT), Nvidia (NVDA), and Salesforce (CRM) are all up in the 1% range while Apple (AAPL) is lagging behind with a slight loss.
Furthermore, all four industrial stocks are positive, likely a response to the composite PMI report. Amazon (AMZN) and Nike (NKE) are rising higher within consumer cyclicals after Nike announced that it would raise prices and resume selling its products on the e-commerce website.
DIA Stock Moves Higher with the Dow Jones
The SPDR Dow Jones Industrial Average ETF (DIA) is an exchange-traded fund created to track the performance of the Dow Jones. As a result, DIA is rising with the Dow Jones today.
On average, Wall Street has a “Moderate Buy” rating on DIA. During the past three months, analysts have issued an average DIA price target of $472.59 for the stocks within the index, implying upside of 12.42% from current prices. The 31 stocks in the DIA carry 30 buy ratings, 1 hold rating, and zero sell ratings.