The Dow Jones (DJIA) is set to end the trading week on lower ground following the conclusion of the Trump-Xi summit as oil prices remain above the $100 level.
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Trade QQQ with leverageThe two-day summit ended on Friday, and while both the U.S. and China touted a positive relationship, no major breakthroughs have been announced so far. China did announce a purchase order of 200 Boeing (BA) jets, although that was far below the 500 that analysts had expected. Trump later said the order could increase to up to 750 if Boeing does a “good job.”
Earlier this week, the U.S. government said it would allow Nvidia (NVDA) to ship its H200 chips to China. However, Trump said China isn’t interested in purchasing the chips and instead wants to develop its own technology.
Meanwhile, the two countries will create trade and investment councils, according to the Xinhua News Agency. The agencies will coordinate efforts to resolve concerns over agricultural market access and support trade growth through reciprocal tariff reductions. Both sides expressed interest in reopening the Strait of Hormuz without disclosing specific measures. Brent crude (BZ), the international benchmark of oil, is up by over 3% on the day.
Elsewhere, equities are facing pressure from rising yields, which have risen in recent days due to concerning inflation data, which include the Producer Price Index (PPI) and the Consumer Price Index (CPI). The 10-year Treasury yield rose to 4.58% on Friday, its highest level since June 2025. Higher yields boost the attractiveness of bonds relative to equities and encourage capital to rotate out of stocks.
The Dow Jones is down by 0.88% 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 deep in the red following China’s refusal to purchase H200 chips. On the other hand, Microsoft (MSFT) is leading the tech sector higher after Bill Ackman announced that his hedge fund, Pershing Square (PSUS) acquired a stake in the tech giant during the first quarter.
Elsewhere, all four healthcare stocks are trading lower, while industrial stocks are facing pressure as well. Visa (V) is in the green following reports that Trump requested greater access for the payment processor in China.
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 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 $572.03, implying upside of 15.25% from current prices. The 30 holdings in DIA carry 30 buy ratings, zero hold ratings, and zero sell ratings.