The Dow Jones Industrial Average (DJIA) Stocks have faced another day of decline in the stock market. Moreover, the stock market has been under immense pressure due to recent changes in the tariff policies. However, the Nasdaq Composite experienced a rise of 0.18% in its company stock in the latest close. The rest of the stocks, such as the S&P 500, Russell 2000 Index, and DJIA, have faced losses.
The DJIA stocks have observed a loss of 0.98% in the stock market, according to the latest reports. Additionally, the majority of the companies are on a negative trend as of July 16.
Top Tech Companies in the DJIA to Watch on July 16
As mentioned above, most companies in the DJIA are facing losses in their sales and revenues, and stocks. In this article, we will discuss the latest trends and performances of the top tech companies in the DJIA on July 16.
MICROSOFT CORPORATION (MSFT)
Microsoft Corporation has been delivering promising returns to investors for a long time. Moreover, it has mastered the strategy of adaptability and resilience in the global market. This is the reason why it pops up relatively faster than most companies in the stock market. It is one of the four companies that are on the positive on the DJIA stock chart. Additionally, it has observed a rise of 0.56% in the stock market, despite the tariff burden.
APPLE INC. (AAPL)
Apple Inc. has observed a rise in its stock after days of doom in the stock market. Moreover, the company is not in a good position due to the constant fluctuations in its finances. It is deeply affected by the tariff burden imposed by the US Government and has experienced a decline. Furthermore, it has experienced a rise of 0.23% in its stock value, according to the latest reports. Many investors believe that the company’s stock is overbought, but are still expecting a comeback from it.
NVIDIA CORPORATION (NVDA)
NVIDIA Corp. is acting as the backbone of the DJIA stocks by delivering high returns to the stock market. Moreover, it has been granted some licenses by the US Government, which will be used to resume the H2O chip exports to China. In April, the US Government restricted NVIDIA from exporting advanced chips to China in the middle of the trade war. Furthermore, NVIDIA Corp. has experienced an appreciable rise of 4.04% in the stock market, according to the latest close.
INTERNATIONAL BUSINESS MACHINES CORP. (IBM)
IBM has not been coping well with the tariff pressure on the company and its operations. Moreover, it has faced major losses in the past few days in the stock market. The investors consider that its stocks are overbought and that the company is expected to come back to the market competition again. Apart from that, the company has experienced a loss of 0.38% in the stock market.
VISA INC. CI A
Visa is a well-known digital payments company that has been adversely impacted by the tariff pressure. Moreover, the investors believe that the company’s stocks are overbought. However, they still expect a potential comeback from the company in the future. It has faced a loss of 0.99% in its stock value in the DJIA stocks.
Conclusion
The DJIA stocks, along with their competitors, are struggling to find a stable footing in the market. It has been adversely affected by the imposition of heavy tariffs on several countries. Moreover, Trump has sent 20 more letters to several countries regarding the tariffs, which have increased the concerns. In such a case, there is a possibility that the stocks may continue to fall in the subsequent days.
