The Dow Jones Industrial Average (DJIA) dropped 1.36% today, wiping out its year-to-date gain of 3.05%. The decline comes as investors digest new economic data, including a manufacturing slump in January compared to the same period last year. Meanwhile, ongoing discussions about tariffs have sparked concerns, with President Trump set to announce new levies on Canada and Mexico.
The Dow Jones is also feeling the impact of trade tensions with China, which will face increased tariffs. The decline marks a significant drop over the past three months, adding 2.61% to its losses.
While investors can’t directly invest in the DJIA, they can consider buying shares listed on it or exchange-traded funds (ETFs) that track the index. Investors might opt for stocks down today, hoping for rebounds, or those already rising for further gains. Alternatively, traders could purchase ETFs like the SPDR Dow Jones Industrial Average ETF Trust or ProShares UltraPro Short Dow30 SDOW, which bet on or against the Dow Jones.
Source: https://www.tipranks.com/news/dow-jones-dips-alongside-economic-data