The Dow Jones (DJIA) is trading higher on Tuesday, although the index has given up most of its early morning gains.
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Trade QQQ with leveragePresident Trump’s bid for countries to join the Hormuz Coalition has faced steep resistance. Germany declined to join, while Australia and Japan indicated they are unlikely to participate. The U.K. and France remain in talks to support tankers through the strait, though no commitments have been made.
“Because of the fact that we have had such Military Success, we no longer ‘need,’ or desire, the NATO Countries’ assistance — WE NEVER DID!” Trump said in a Truth Social post.
Senator Lindsey Graham added that he has “never heard him so angry in my life” after speaking with Trump about the unwillingness of European allies to join the coalition and warned that the repercussions will be “wide and deep for Europe and America.” Brent crude futures (BZ) are up by over 2% on the day as traffic through the strait remains largely closed.
Iran has continued to target key oil infrastructure locations in the Middle East and launched a drone strike on the United Arab Emirates’ Shah gas field, the world’s largest ultra-sour gas development site. In addition, a tanker near the strait was hit by an unknown projectile, although it hasn’t been confirmed if Iran was behind the attack.
Ongoing geopolitical tensions have also delayed the Trump-Xi summit, which was originally scheduled for March 31 to April 2. Trump noted that the meeting has been rescheduled and will take place in “about five weeks.”
The Dow Jones is up by 0.27% 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 (NVDA) was up by 1% in early morning trading but has since slipped into negative territory. On Monday, CEO Jensen Huang guided for $1 trillion in orders for Blackwell and Vera Rubin systems through 2027 during the company’s GTC 2026 event.
Meanwhile, Amazon (AMZN) is trading higher after announcing a deal with OpenAI that will provide government agencies with AI models through Amazon Web Services (AWS), while the financial sector is staging a comeback following a rough stretch during the past few weeks. Chevron (CVX), the lone energy stock in the index, is rising alongside higher oil futures.
Is the Dow Jones a Good Long-Term Investment?
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 $558.32, implying upside of 18.44% from current prices. The 30 holdings in DIA carry 30 buy ratings, zero hold ratings, and zero sell ratings.