Dow Jones Index Today: DIA Trades Higher as Iran Strikes U.S. Base, Trumps Calls for More Domestic Oil

The stock market has continued to remain resilient since the Israel-Iran war with the Dow Jones (DJIA) in the green today. That comes despite the U.S. striking three nuclear sites in Iran over the weekend and Iran’s subsequent response.

On Monday, Iran launched 10 missiles at the Al Udeid Air Base in Qatar, according to an Israeli official. The base has a heavy U.S. military presence. Qatar’s Ministry of Foreign Affairs spokesperson said that it was able to intercept all of the missiles, resulting in no injuries. In addition, a source told Fox News that the U.S. was prepared for an attack on its Middle East bases.

Earlier today, an Iranian official told CNN that the war could drag on for two years and that Iran is prepared to continue the fight.

The conflict has resulted in higher gas prices across the U.S., leading President Trump to reaffirm his message on Truth Social to “DRILL, BABY, DRILL!!! And I mean NOW!!!” Crude oil futures are up by about 15% during the past month.

The Dow Jones is up by 0.69% at the time of writing.

Which Stocks are Moving the Dow Jones?

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

Every single tech stock within the index is rising, led by IBM (IBM) and Microsoft (MSFT). All stocks within the consumer defensive and industrials sectors are in the green as well. The lone energy company, Chevron (CVX), is falling as oil prices drop.

UnitedHealth (UNH) and Amgen (AMGN) are in the red within the healthcare sector. UnitedHealth has dealt with a series of medical and insurance malpractice allegations in recent months and has shed 40% year-to-date.

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 a result, DIA is rising alongside the Dow Jones today.

Wall Street believes that DIA stock should be priced higher. During the past three months, analysts have issued an average DIA price target of $465.57 for the stocks within the index, implying upside of 9.78% from current prices. The 31 stocks in DIA carry 30 buy ratings, 1 hold rating, and zero sell ratings.