The Dow Jones, similar to the NASDAQ and S&P 500, has been struggling in the market as of late. A lot of the market’s best assets seem to be declining or seem to be tripping over themselves as they try to reach the finish line.
It was able to hold a fairly modest gain in the late morning of Friday but was quickly overshadowed by tech stocks that all investors insisted on hitting. Instead of focusing on other assets and helping them rally, most investors were quick to rush to the NASDAQ.
That is where most of the problems really started since the selling was so concentrated on the NASDAQ that the rest of the market suffered. But even when they had their best intentions in mind, most of the biggest assets of the NASDAQ were already falling quickly.
According to JustReviewed, stocks like Airbnb and Tesla saw a significant decline in stock price, which is becoming too unfortunately common for Tesla. As Elon Musk continues to spread his focus through many companies, Tesla continues to be the most neglected one.
Along with these two companies, Nvidia and AMD were also falling behind, with prices in their stock dropping as well. This was indicative of a pattern as a whole with semi-conductor stock, which was dipping throughout the market.
Chevron Becomes An Early Gainer for Dow Jones
The energy giant in Dow Jones, Chevron, became an early gainer in the market, as it managed to grow by 2%. This gave investors plenty of hope in the market, as they were really looking forward to seeing these assets grow.
Not only has this stock been hovering close to its 200-day line since it managed to break past the 50-day moving average. Therefore, most are keen on holding out for chevron and waiting to see what happens next.
Of course, Chevron is not the only major performer for the Dow Jones, with oil and gas stocks also seeing quite a pivotal rise following the changes that have come as a result of global developments as they continue to make more difficult decisions.
More specifically, as Russia signaled to cut 500,000 barrels from its daily output, the demand for American crude oil instantly jumped. WTI crude oil futures alone had managed to increase exponentially, making it one of the best days for crude oil traders throughout the year.
The futures managed to rise by 2% getting the price up to $79.5 per barrel. Suffice it to say that all companies were raking in investments that day.
Companies like BP and Haliburton became the top gainers for the MarketSmith Growth 250.
Dow Jones Salesforce Falls Hard
For stocks like Dow Jones, getting a bad rep on the different types of assets available always makes it so much harder for investors to commit to them. A good example of this is the Dow Jones Salesforce stocks, which fell hard the despite seeing an increase of over 2% the previous day.
But it is not all bad for Salesforce since the Third Point hedge fund by Dan Loeb is taking a stake in it as well. The company has become one among many other activist investors like Starboard Value and Elliot Investment Management.
These companies have been making stakes in many CRM companies to grow a more positive image and really help make the world a better place.
Looking out of the Dow Jones
While the Dow Jones has overall seen a fairly positive outlook, it is especially good compared to other types, such as the NASDAQ and the S&P 500. Both happen to be taking quite a beating from investors since major assets dropped in price.
The index was down by 2.6%, despite spending five weeks consistently gaining in price. But even with the hit that it has taken, people are still optimistic to see how all three will bounce back from this.
