The Dow Jones (DJIA) is inching higher on Tuesday while both the S&P 500 (SPX) and the Nasdaq 100 (NDX) are slightly in the red.
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This morning, the State Department announced that the U.S. would withdraw from the United Nations Educational, Scientific and Cultural Organization (UNESCO), effective December 31. President Trump has expressed his disapproval of the group’s pro-Palestine and pro-China stance, as well as its diversity, equity, and inclusion (DEI) policies. UNESCO “supports woke, divisive cultural and social causes that are totally out-of-step with the common-sense policies that Americans voted for in November,” White House deputy spokesperson Anna Kelly told the New York Post.
Meanwhile, Treasury Secretary Scott Bessent said that trade representatives from the U.S. and China will meet next week. Bessent added that the two sides have a good relationship on trade at the moment and that the U.S. will “likely” provide Beijing with a tariff pause extension past the August 12 deadline. In addition, Bessent said that Fed Chair Jerome Powell should serve the remainder of his term if he decides to do so.
The Dow Jones is up by 0.08% 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.
Semiconductor leader Nvidia (NVDA) is taking a breather while leading all tech stocks within the Dow Jones lower. While Amazon (AMZN) is classified as a consumer cyclical stock, the company also has a heavy tech presence with its cloud offering. AMZN stock is in the red as well.
Meanwhile, all four healthcare stocks within the index are up by at least 1%. Merck (MRK) is up by over 2% ahead of its earnings report next week.
Elsewhere, Coca-Cola (KO) is in the red after reporting its earnings. The company’s adjusted EPS topped the analyst estimate, although its revenue of $12.5 billion missed the estimate for $12.6 billion.
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 has room to rise. During the past three months, analysts have issued an average DIA price target of $486.88, implying upside of 9.85% from current prices. The 31 stocks in DIA carry 29 buy ratings, 2 hold ratings, and zero sell ratings.