DIA Stock Recent News
DIA LATEST HEADLINES
PCE came in as expected, no hindrance to the 25 bps rate cut signaled for the September Fed meeting.
Stock futures edged lower after the Dow's record close; markets buoyed by Powell's dovish Jackson Hole remarks and hopes for Fed rate cuts. Investors closely watching upcoming inflation data and Nvidia's earnings, which follow a notable tech sector pullback and Friday's rally.
Markets celebrate Powell's Jackson Hole commentary; Danielle DiMartino Booth thinks he's a little too late. Bond yields are falling, declining long-term yields often signal recession, and the easing cycle could deepen economic risks.
Jerome Powell signals Fed easing cycle, but caution is warranted given the labor market's rapid weakening and persistent inflation. Retail earnings highlight margin pressures from tariffs, with Walmart and Home Depot both warning of price hikes to offset rising costs.
Investors will be listening closely to hear if the deliberate and methodical Powell will be leaning toward a 25-basis-point (bps) interest rate cut.
DIA is outperforming as sector rotation, rate cut optimism and gains in heavyweights fuel Dow's record highs.
Designed to provide broad exposure to the Large Cap Value segment of the US equity market, the SPDR Dow Jones Industrial Average ETF (DIA) is a passively managed exchange traded fund launched on January 13, 1998.
DIA hits a 52-week high, fueled by Dow's record and a surge in UnitedHealth after Berkshire's major stake disclosure.
It's a big morning for economic data this Friday, with U.S. Retail Sales and Import/Export Prices for July and Empire State manufacturing for August. Pre-market futures have not moved much on the news — the Dow is +270 points, the S&P 500 is +8 and the Nasdaq -20 points — but bond yields have moved around a bit, first ticking up 2 points on the 10-year and 2-year, and now down two basis points (bps).
Seeking Alpha notes that S&P 500 gains are concentrated in 10 mega-cap tech stocks, highlighting weak market breadth and under-performance in many other sectors. Key laggards include Gartner, Charter Communications, Fortinet, Novo Nordisk, Trade Desk, Chipotle, and Vertex, each facing sector-specific headwinds. Healthcare, IT services, and communications stocks are pressured by competition, slowing growth, and sector-wide bearish sentiment; value opportunities exist but risks remain.