DIA Stock Recent News

New Relationship Underscores Potential for Workday to Transform U.S. Intelligence Community and Federal Government Business Processes PLEASANTON, Calif. , May 23, 2024 /PRNewswire/ -- Workday, Inc. (NASDAQ: WDAY), a leading provider of solutions to help organizations manage their people and money, today announced the Defense Intelligence Agency (DIA) has selected Workday Government Cloud to accelerate its human resources modernization efforts, marking Workday's formal entry into the U.S. Intelligence Community (IC) and its growing momentum in the U.S. Federal Government market.

The Dow Jones gained for six consecutive days, marking its longest winning streak this year and emerging more powerful than the other two major indices.

The article discusses the Dow Jones Industrial Average and its likely performance in the future compared to the S&P 500. The major difference is that the S&P is a capitalization-weighted index, while the Dow is managed by a committee that seeks to reflect the U.S. economy with thriving companies. Cap weighting prospers as growth companies like Mag 7 dominate the index and increase in size but suffer when this condition unwinds.

Market volatility roared back in recent weeks on growing inflation worries, the uncertain timing of Fed rate cuts and escalating geopolitical tension in the Middle East. The combination of these factors has made investors jittery, compelling them to revisit their portfolios.

Of the 16 Zacks sectors, eight are expected to post earnings growth in the first quarter, with the strongest gains in the Technology sector (19.4%).

If you're interested in broad exposure to the Large Cap Value segment of the US equity market, look no further than the SPDR Dow Jones Industrial Average ETF (DIA), a passively managed exchange traded fund launched on 01/13/1998.

Investors might think it's best to wait for a pullback before investing in stocks. Thinking long term, practicing patience, and focusing on time in the market is the best course of action.

SPDR® Dow Jones Industrial Average ETF Trust, which replicates the index, began to trail the S&P 500 in the last 10 years. The Index has slowly incorporated higher growth and tech stocks and has better EPS growth than one would imagine at 28% for 2024 and 12% for 2025 on consensus estimates. DIA has the potential for a 10% total return and trades at 22.8x PE or a 2x PEG on YE24 consensus estimates.

Amazon.com (AMZN) joined the Dow Jones, replacing drugstore operator Walgreens Boots Alliance (WBA) on Feb 26. The reshuffle reflects the ongoing shift from traditional brick-and-mortar retail to e-commerce and technology-driven companies.

Among the three key U.S. equity gauges, the Dow Jones lagged the S&P 500 and the Nasdaq in the past one year. But Amazon's latest entry to Dow Jones and a few other factors are likely to boost Dow Jones ETFs in the near term.