The stock market is rising without the support of Big Tech. How sustainable is this trend?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 28 2025
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Source: MarketWatch
Market Shift: In August, cyclicals, small caps, and the Dow have gained momentum, marking a shift from the dominance of megacap technology stocks.
Sector Performance: The materials sector of the S&P 500 has emerged as a leading performer, increasing by 5.6% this month, while the overall index has risen 2.2%.
Consumer Discretionary Gains: The consumer discretionary sector has also shown strong performance, up 4.3%, alongside a 2.6% increase in the financial sector.
Tech Sector Lagging: In contrast, the information technology sector has lagged behind with only a 1.3% gain in August, according to FactSet data.
Analyst Views on DJIA
Wall Street analysts forecast DJIA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for DJIA 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: 22.130
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Current: 22.130
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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.
