The Dow Jones Industrial Average (DJIA) is slipping 0.16% on Friday as it prepares to close out the week in the red. The Dow Jones hasn’t been performing well this week with the index consistently falling since Monday. With all of that negative movement, the DJIA has lost 2.33% of its value over the past five days.
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The fall of the Dow Jones index comes as excitement from the 2024 presidential elections starts to wane. The initial hype around that event, which saw former President Donald Trump beat sitting President Joe Biden, sent many stocks higher on promises of a better economy. However, it appears the honeymoon period is over.
The Stocks Weighing on the Dow Jones Industrial Average Index
Looking at the heatmap, several stocks on the Dow Jones are sliding lower today. Chief among these is Intel (INTC) with its more than 2% drop. Nike (NKE), Salesforce (CRM), and Amgen (AMGN) are also down over 1%. Smaller drops on the index include Microsoft (MSFT), J.P. Morgan Chase (JPM), International Business Machines (IBM), Disney (DIS), and a few others that are sliding less than 1%.
A handful of stocks are performing well despite the recent Dow Jones weakness. UnitedHealth is among these, with an over 1% increase after falling over the last couple of weeks due to an executive assassination. Others climbing higher today include Walmart (WMT), Merck (MRK), and American Express (AXP).
How to Invest in the Dow Jones Index
Traders can’t directly invest in the Dow Jones Industrial Average due to it being an index. Instead, they can buy shares of companies listed on it. Some might choose today’s losers to get in on the dip, while others might prefer investing in those already performing well.
A third option is investing in exchange-traded funds (ETFs) that track the Dow Jones Industrial Average. Among these are SPDR Dow Jones Industrial Average ETF Trust (DIA), iShares Dow Jones Industrial Average UCITS ETF (IDOWF), ProShares UltraPro Dow30 (UDOW), ProShares Ultra Dow30 (DDM), and ProShares UltraPro Short Dow30 (SDOW).
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
