ETFs to Tap as Dow Scales New Highs
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 07 2024
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Source: NASDAQ.COM
Market Performance: The Dow Jones Industrial Average reached a new all-time high due to a strong jobs report, indicating economic resilience with 254,000 jobs added in September and a drop in the unemployment rate to 4.1%.
Investment Options: Investors can consider various ETFs linked to the Dow, including SPDR DIA and ProShares UDOW, which offer different levels of exposure and risk, particularly benefiting from recent Federal Reserve rate cuts.
Analyst Views on DJD
Wall Street analysts forecast DJD stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for DJD is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 58.910
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Current: 58.910
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
