The Dow Jones Industrial Average (DJIA) fell Monday as the stock market prepares for President Donald Trump’s tariffs tomorrow. These will hit Canada and Mexico with 25% tariffs on all exports while adding 10% to China’s exports. The only exception is energy exports from Canada, which will be tariffed at a lower 10%.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
In addition to this, President Trump warned that tariffs will come for Europe next. He didn’t say when this would happen or at what rates, but the news isn’t helping ease investor confidence as they wait for the latest tariffs to go into effect.
All of this tariff talk is taking a toll on the DJIA, dropping the index 1.24% as of this writing. Investors will note that the Dow Jones is up 6.58% over the past three months and 4.7% year-to-date. It will be interesting to see if the index can hold onto these gains as the U.S. trade war escalates.
Which Stocks Have the DJIA Down Today?
Turning to the TipRanks DJIA heatmap tool, traders can see which stocks are weighing on the index today. At this point, the better question is what stocks don’t have the Dow Jones down as the heatmap is largely red. That includes major drops in the technology, financial, consumer cyclical, and industrial sectors.
How to Invest in the DJIA
Traders can’t take a direct stake in the DJIA as it’s only an index. Instead, they might consider an investment in companies listed on it. Investors looking for green in the sea of red might turn to UnitedHealth (UNH) or Procter & Gamble (PG). Those interested in stocks falling today might want to buy Apple (AAPL) or McDonald’s (MCD) shares.
Another option is buying shares of an exchange-traded fund (ETF) that tracks the Dow Jones index, including those betting on or against it. One popular choice is the SPDR Dow Jones Industrial Average ETF Trust (DIA) but other options are worth considering.
