For over 128 years, the Dow Jones Industrial Average has been Wall Street's premier health barometer.
Starting with 12 industrial companies, it has evolved into a 30-component index of multinational firms known for long-term investor returns.
As we enter the second half of 2024, three standout Dow stocks are Coca-Cola, Johnson & Johnson, and Amazon.
Coca-Cola remains robust despite inflation concerns, benefiting from global brand strength and diversified operations across nearly every country.
Johnson & Johnson faces legal challenges but maintains financial resilience with strong cash flow and a focus on pharmaceuticals and medical devices.
Amazon, despite potential recession fears, thrives on diverse revenue streams including AWS, subscription services, and advertising, supported by its massive customer base and strategic content deals.
These companies offer stability and growth potential, trading at attractive valuations compared to historical averages.
Donald Trump criticized the Federal Reserve’s recent decision to cut its benchmark interest rate by half a percentage point, calling it a “political maneuver” and suggesting that a smaller reduction would have been more appropriate.
The Bank of Japan (BOJ) has opted to keep interest rates steady at 0.25%, leading to a sharp rise in the Nikkei index, which jumped over 700 points.
On September 18, the US Federal Reserve made a notable move by cutting interest rates by 50 basis points, marking the start of a new easing cycle.
The Federal Reserve’s recent 50 basis point rate cut left experts divided.