The Dow Jones (DJIA) is trading in positive territory ahead of a major meeting between two world leaders.
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President Trump is scheduled to meet with Russian President Vladimir Putin at 3:30 Eastern Time today. The pair will meet at the Elmendorf-Richardson military base in Anchorage, Alaska and then appear for a joint press conference.
Trump seeks to broker a ceasefire between Russia and Ukraine, although he said a second meeting would be “very, very important, because that’s going to be a meeting where they make a deal.” The second meeting could possibly include Ukrainian President Volodymyr Zelenskyy and other European leaders. “It’s a good respect level on both sides. And I think, you know, something is going to come up,” Trump said to reporters on Air Force One.
Meanwhile, August’s preliminary Index of Consumer Sentiment proved to be a letdown, falling to 58.6 from 61.7 in July. Economists were expecting 62.0. If the figure holds, it would erase four consecutive months of rising sentiment.
“Overall, consumers are no longer bracing for the worst-case scenario for the economy feared in April when reciprocal tariffs were announced and then paused,” said Surveys of Consumers Director Joanne Hsu. “However, consumers continue to expect both inflation and unemployment to deteriorate in the future.”
In addition, consumers now expect year-ahead inflation of 4.9%, rising from 4.5% in July. Long-term inflation expectations are also on the rise, tallying in at 3.9% compared to 3.4% a month ago.
The Dow Jones is up by 0.20% 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.
UnitedHealth Group (UNH) is the top performer within the index after several notable hedge funds, including Warren Buffett’s Berkshire Hathaway and David Tepper’s Appaloosa, disclosed sizable positions in the troubled healthcare company. Despite the rise, UNH stock is still down by 39% year-to-date.
Meanwhile, Nvidia (NVDA) is in the red after Trump said that he would soon impose tariffs on semiconductor imports, warning that they could be as high as 200% or 300%. “I’ll be setting tariffs next week and the week after, on steel and on, I would, say chips — chips and semiconductors, we’ll be setting sometime next week, week after,” said Trump.
On the other hand, Salesforce (CRM) is catching a bid after DA Davidson upgraded its shares to “neutral” from “underperform” while maintaining a $225 price target. Activist investor Starboard Value also reported increasing its stake in the company by nearly 50% during the second quarter.
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 $491.70, implying upside of 9.25% from current prices. The 31 stocks in DIA carry 30 buy ratings, one hold rating, and zero sell ratings.