Dow Jones Industrial Average (DJIA) stocks have closed lower than other stocks, the NASDAQ Composite. Dow Jones Stocks have been comparatively lower than the others when the world economy was affected by the incidents taking place. Meanwhile, other stocks, such as the S&P 500 and the NASDAQ Composite, have stabilized their market. The trade tariffs on major exporting and importing countries are causing fluctuations in the companies contributing to the stock market. On July 9, the stocks closed at a lower rate of 0.37%, the second day in a row. Moreover, many tech companies are successful in handling the tariff pressure.
Top Tech Companies at the DJIA to Watch on 9 July
While most companies are on a negative trend, some companies are successful in stabilizing their stock values. Here, we will discuss the five top tech companies in the DJIA stocks and their trends in the stock market on July 9.
MICROSOFT CORPORATION (MIFT)
Microsoft is a leading company in the fields of AI and Technology, as well as the stock market. However, the last two days have been rough for the company, as it is on a negative trend. Due to tariff pressure, the company’s stock fell during the closing of stocks on 8 July. On 9 July, the stock value is reducing at a rate of 0.22%, which is the same as the previous day. Thus, we can also say that the company has been quite consistent even if its stocks and revenue are falling.
APPLE INC. (AAPL)
Apple Inc. has suffered the most after the first heavy tariff barrier on Chinese exports was imposed in the US. After the major loss, the company has found ways to bear the major impacts on its revenue and sales from Tariff barriers. Moreover, it fell by 1.69% in the stock market at yesterday’s close. The company is returning to a positive trend again, with a slight rise of 0.03% in the stock market on July 9. This shows the company’s adaptability to the global market and its policies.
NVIDIA CORPORATION (NVDA)
NVIDIA Corp. has made an appreciable comeback after years of pushing through the stock charts. The Chipmaking company is doing exceptionally well in the global tech market, while signing major deals. Moreover, the tariff policies had a significant impact on its stock value in the previous close. On July 9, it returned to its position on the charts with an increase of 1.11% in its stock value. With this rise, it has covered the loss it incurred yesterday due to the sudden implication of the tariff policy on the countries.
INTERNATIONAL BUSINESS MACHINES CORP. (IBM)
IBM is a tech company that has constantly delivered results and advanced technology in the global market. However, the results of the sudden policy changes struck this company and its revenue. In the previous close, the company observed a considerable rise in its stock value. However, it has entered the negative trend too, with a fall of 0.70% in its stocks.
VISA INC. CI A
Visa is the most consistent and stable company in the DJIA stocks, which is known for its technology in digital payments. However, it has observed a considerable fall in its stocks from the last two closes. On 9 July, it is running lower on the chart by 0.59%, which is almost equal to the previous close.
Conclusion
The companies are under a burden due to Trump’s tariff barrier policies on many major exporting countries. Therefore, the stock prices of the companies tend to fall, impacting the company’s investment.
