The Dow Jones (DJIA) is set to end the week on a positive note following reports that President Trump is planning a meeting with Russian President Vladimir Putin in order to discuss a peace deal with Ukraine.
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The meeting is “tentatively” in the works for the end of next week, according to Fox News. The location hasn’t yet been confirmed, although Hungary, Switzerland, Rome, and the United Arab Emirates (UAE) are being considered. Bloomberg reported that a peace deal with Ukraine could involve Russia securing territorial gains within the country and halting attacks in the Kherson and Zaporizhzhia regions.
Meanwhile, gold futures secured a new intraday all-time high of $3,534 on Friday following reports that Trump would impose a tariff on imports of 1-kilogram and 100-ounce gold bars. Trump had previously exempted a majority of U.S. gold imports from tariffs, although a ruling letter dated July 31 reviewed by the Financial Times said that the U.S. would remove these exemptions for 1-kg and 100-ounce gold bars.
“The move is significant because 1-kilo and 100-ounce gold bars form the backbone of much of the gold trading activity in the United States,” Sprott senior managing partner Ryan McIntyre told Yahoo Finance. The tariffs are set to deal a double blow to Switzerland, which is the world’s largest exporter of the metal and received an elevated U.S. tariff rate of 39% on Thursday.
The Dow Jones is up by 0.53% 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.
Apple (AAPL) is once again leading all tech stocks in the index and is set to end the week with a 12% gain after the company announced a $100 billion investment in the U.S. The iPhone-maker is now set to invest a total of $600 billion in the U.S. over the next four years, potentially granting it a tariff carveout for its products.
Cisco Systems (CSCO) is also in positive territory after the company reported its earnings showing 11% revenue growth and a 9% rise in profit.
In addition, all four healthcare stocks within the Dow Jones are trading higher. UnitedHealth Group (UNH) is the top daily performer in the group, although UNH stock is still down by 50% 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 has room to rise. During the past three months, analysts have issued an average DIA price target of $498.08, implying upside of 12.68% from current prices. The 31 stocks in DIA carry 29 buy ratings, 2 hold ratings, and zero sell ratings.