Dow Jones Index Daily Report: Tariffs Still Weigh Down DJIA, but Nike Is Recovering
The Dow Jones Industrial Average (DJIA) index suffered another blow on Friday as markets continued to dive after President Donald Trump’s Liberation Day. That event included new tariffs from Trump that affect all imports, as well as extra tariffs on specific countries.
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Adding to that turmoil is retaliation from China, which placed a 34% tariff on all imports from America. Other governments around the world are weighing options to strike back against the U.S. in this trade war. That includes a European Union vote on the matter next week.
The ever-escalating trade war has taken a toll on the Dow Jones index today, with a 4.12% decrease. That extends the index’s 5.06% three-month loss and 4.7% decrease year-to-date.
Dow Jones Index Heatmap
Turning to the Dow Jones index heatmap, traders will see which shares have fallen the most on Friday. Truthfully, it’s easier to notice stocks that aren’t down, as the heatmap is a sea of red. One that sticks out is Nike (NKE) with its 4.12% increase. This comes after President Trump revealed he had a product call with Taiwan, the home to the majority of Nike’s production. Still, one positive stock isn’t enough to keep the index from falling.
The Best Way to Invest in the Dow Jones Index
Traders who are looking for a quick and easy way to bet on or against the Dow Jones index will want to turn to exchange-traded funds (ETFs). There are ETFs that track the index’s movement, as well as the inverse of that by shorting shares on it.
The best ETF for traders who want to bet on the success of the DJIA is the SPDR Dow Jones Industrial Average ETF Trust (DIA). Those who would rather bet against the index may want to consider a stake in ProShares UltraPro Short Dow30 (SDOW).
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