The Dow Jones Industrial Average (DJIA) index was up on Tuesday as investors received more news about potential trade deals between the U.S. and other countries. That includes the framework for a deal with Japan, as well as ongoing talks with India. However, it appears a trade deal with China is still a far way off. That means consumers will have to deal with tariffs on U.S. imports.
Also lifting the Dow Jones index up today is earnings season. Several companies have released earnings results today that are pushing the index higher. Additionally, there are more earnings reports coming out this week that are worth keeping an eye on.
All of this has the Dow Jones index up 0.47% on Tuesday. Investors have been waiting for the DJIA to recover from the weight of tariffs. That’s a long-term battle, as the Dow Jones has dropped 10.37% over the last three months.
Which Stocks Have the Dow Jones Index Up Today?
Turning to the TipRanks Dow Jones heatmap, traders can see which stocks have the index up today. Merck (MRK), Amgen (AMGN), Honeywell (HON), and Sherwin-Williams (SHW) are among the stocks leading today’s gainers. MRK’s rally comes after the company announced a $1 billion investment in U.S. manufacturing. Two stocks that are falling on Tuesday are UnitedHealth (UNH) and Chevron (CVX).
How Does This Affect DIA Stock?
The SPDR Dow Jones Industrial Average ETF Trust (DIA) rallied alongside the Dow Jones index today. This is one of the many exchange-traded funds (ETFs) that track the DJIA. It also a consensus Moderate Buy ratings, based on the 28 Buy and three Hold consensus ratings for stocks it owns. This comes with an average price target of $468.54, representing a potential 15.69% upside for DIA stock.
