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.
In a recent live address, U.S. President Donald Trump declared that a new base tariff of 10% would be applied universally to all countries.
Consumer spending in the U.S. showed weaker-than-expected growth in February, increasing only 0.1%, which was on the lower end of economists’ forecasts.
In February, the U.S. maintained its annual inflation rate at 2.5%, as reflected in the Personal Consumption Expenditures (PCE) Price Index, according to data released by the Bureau of Economic Analysis.
UBS has issued a stark warning to investors, flagging stagflation as a looming economic threat.