The Dow Jones Industrial Average (DJIA) stocks have inched a little higher than their close on July 21. Moreover, the other stocks are already on a positive streak, as investors ignored the tariff factor. Japan’s 15% tariff by the US feels lighter than the initial tariffs, which have helped in boosting its sales to some extent. Therefore, it is a contributing factor to the rise in the company stocks in the DJIA and other stocks. On July 22, the Nasdaq Composite fell by 0.39% in the stock market, while all the other US stocks were on the rise. The DJIA stocks rose by 0.40% in the stock market from the previous close. Moreover, the majority of the companies in the DJIA have observed an upward trend in the stock market.
Top Tech Companies to Watch Today in the DJIA Stocks
As mentioned above, most companies in the DJIA have experienced an uptrend in the stock market. Additionally, a major contributor to the growth of the stocks is Amgen Inc., which has risen by 3.32% in the stock market. Apart from that, NVIDIA Corp. is regarded as a loser in the stock market as of July 22. Let us discuss the trend of the major tech companies in the DJIA stocks as of July 22.
MICROSOFT CORP. (MSFT)
Microsoft is considered a loser in the stock market on July 22, as it declined by 0.94% on the DJIA chart. Moreover, it has observed a continuous decrease in its stock value after the tariffs were imposed. However, the investors are positive about its trends and credibility, which has saved it from a major drop.
APPLE INC. (AAPL)
After a long time, Apple Inc. has experienced a positive incline in its stock graphs. It has observed an uptrend of 0.90% in its stock value on July 22. Moreover, the investors believe that it is one of the most overbought companies in the DJIA stocks due to its potential. It has been facing issues in its retail sales since the US imposed 45% tariffs on Chinese imports.
NVIDIA CORP. (NVDA)
NVIDIA Corp. has contributed significantly to the growth of the DJIA stocks in the past few months. However, due to its high potential in the tech industry, investors are considering it an overbought company. It has observed a decline of 2.54% after weeks of an upward trend in the stock market.
INTERNATIONAL BUSINESS MACHINES CORP. (IBM)
IBM is a potential tech company in the DJIA, which needs an upgrade in AI Technology. Moreover, investors believe that it is one of the overbought companies in the DJIA, due to its constant fall and potential in the market. Other than that, it has observed a decline of 0.97% in the market due to the effect on its sales.
VISA INC. CI A
Visa Inc. is a digital payments company that has been adversely affected by the sudden heavy tariffs. Moreover, its stagnation in the stock market has not had the expected impact on investors. It has been observed that there has been a 0.26% rise in its stock value as of July 22.
Conclusion
Therefore, the Dow Jones Industrial Average (DJIA) Stocks have observed an upward trend in the stock market. It is because the majority of the company could cover the tariffs on July 22.
