The Dow Jones (DJIA) opened slightly in the green but has since fallen into negative territory on Monday.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Over the weekend, President Trump confirmed that he would meet with Russian President Vladimir Putin in an attempt to end the Russia-Ukraine war. The meeting will be held this Friday in Alaska, although a specific venue hasn’t been announced yet. Trump said that the talks will be a “feel-out meeting” with the expectation of “some swapping, changes in land.” He added that he would try to get some territory back for Ukraine. Ukraine and Russia have been entrenched in war since February 24, 2022.
“Next Friday will be important, because it will be about testing Putin, how serious he is on bringing this terrible war to an end,” NATO Secretary General Mark Rutte told ABC in an interview on Sunday.
Meanwhile, Nvidia (NVDA) and Advanced Micro Devices (AMD) have agreed to send the U.S. government 15% of the revenue they generate from chip-related sales to China. In exchange, the U.S. will provide them with export licenses. Both companies have designed chips specifically for the Chinese market—Nvidia sells the H20 chip, while AMD offers the MI308 chip. Export control experts say this revenue-for-license arrangement is unprecedented for U.S. companies.
“What’s next — letting Lockheed Martin sell F-35s to China for a 15 per cent commission?” questioned Lisa Tobin, a member of the National Security Council during Trump’s first term.
The Dow Jones is down by 0.45% 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.
Nvidia is holding steady amid its new U.S.-China tax deal and is slightly in the green. On the other hand, Apple (AAPL) is trading lower, although the iPhone-maker is still up by 12% during the past five days following its commitment of investing $100 billion in the U.S. Other tech stocks, like Cisco (CSCO), Salesforce (CRM), and International Business Machines (IBM) are well in the red.
UnitedHealth Group (UNH) is the Dow Jones’ top performer on Monday. This morning, J.P. Morgan reiterated its price target of $310 and “Buy” rating on the embattled healthcare company. UNH stock has shed 50% year-to-date amid a Department of Justice investigation, disappointing earnings, and a leadership shakeup.
DIA Stock Moves Lower 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 falling 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 $496.10, implying upside of 12.75% from current prices. The 31 stocks in DIA carry 29 buy ratings, 2 hold ratings, and zero sell ratings.