The Dow Jones (DJIA) is holding steady on Wednesday ahead of the first Federal Open Market Committee (FOMC) meeting of the year at 2 p.m. Eastern Time today. The central bank is widely expected to maintain interest rates, with CME’s FedWatch tool pricing in 97.2% odds of that outcome.
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Ahead of the meeting, President Trump urged Iran to strike a deal with the U.S. to halt its nuclear development. “A massive Armada is heading to Iran,” Trump said in a Truth Social post. “It is moving quickly, with great power, enthusiasm, and purpose.” In response, Iran’s UN Mission in New York said the country is open to dialogue but is also ready to defend itself “like never before.”
Widespread protests across Iran have recaptured the attention of the U.S. Iranian-focused human rights group HRANA estimates that over 6,000 people have lost their lives during the unrest, which was spurred by a sharp rise in the cost of living and long-standing political grievances.
Elsewhere, JPMorgan Chase (JPM) and Bank of America (BAC) both announced that they would match the Trump account contribution of $1,000 for their U.S. employees. Trump accounts, which were passed into law as part of the One Big Beautiful Bill, will provide American children born between January 2025 and December 2028 with a one-time contribution of $1,000. Withdrawals are locked until the child reaches the age of 18, and individuals and employers can contribute up to $5,000 per year. The two banks join several other companies that have pledged contribution matches, including BlackRock (BLK), Charles Schwab (SCHW), and Robinhood (HOOD).
The Dow Jones is down by 0.02% 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) is leading the tech sector higher after China approved the sale of over 400,000 H200 chips to Alibaba (BABA), Tencent (TCEHY), and TikTok-owner ByteDance, according to Reuters. On the other hand, Magnificent 7 peer Apple (AAPL) is in the red ahead of its earnings after the closing bell today.
Amazon (AMZN) is also trading lower after announcing 16,000 job cuts, completing a reduction-in-force of 30,000 workers announced last October. Home Depot (HD), McDonald’s (MCD), and Nike (NKE), the three other stocks within the Dow Jones consumer cyclical group, are falling as well.
Elsewhere, UnitedHealth Group (UNH) is recovering after an earnings plunge, while financial stocks are holding steady.
Is DIA Stock 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 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 $557.80, implying upside of 13.81% from current prices. The 30 holdings in DIA carry 30 buy ratings, zero hold ratings, and zero sell ratings.
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