Sign in Subscribe
Banking industry

Dow Jones Index Closes Week with Decline as Tension Escalates Between US and China

Strategic Insights

— 1 min read

This week came to a close with all of the indices down on Friday, following rising tension between the US and China, which escalated with the White House stating there will be repercussions for the spread of the coronavirus. Additionally, tech giants like Amazon and Apple warned of impending consequences. Despite this, several companies reported strong earnings, including those in the Dow Jones index.

Key Takeaways:

  • American Express led the pack with a 6.19% increase in stock value, closing at $88.32.
  • Visa followed closely behind, with a 4.93% increase in stock value, closing at $175.57.
  • Walt Disney's stock value rose by 4.26%, closing at $105.5, with a Hold rating from TheStreet Quant Ratings.
  • Boeing's stock value increased by 3.4%, closing at $133.37, despite a Sell rating from TheStreet Quant Ratings.
  • Home Depot and JPMorgan Chase also saw significant gains, with a 3.01% and 2.8% increase in stock value, respectively.
  • TheStreet Quant Ratings attributed these gains to the companies' risk-adjusted total return potential over a 12-month investment horizon.

Statistics:

  • The Dow Jones index closed the week with a decline, despite the gains made by individual companies.
  • The top-performing stocks in the Dow Jones index were American Express (+6.19%), Visa (+4.93%), and Walt Disney (+4.26%).
  • Boeing's stock value increased by 3.4%, closing at $133.37.
  • Home Depot's stock value rose by 3.01%, closing at $218.57.
  • JPMorgan Chase's stock value increased by 2.8%, closing at $93.25.

Sources:

[1] TheStreet - "Stock Market Today, Dow Jones Industrial Average, Apple, Amazon" (https://www.thestreet.com/markets/stock-market-today-dow-jones-industrial-average-apple-amazon-050120)

[2] TheStreet - "Earnings Reports to Watch This Week: 4-26-2020" (https://www.thestreet.com/investing/earnings-reports-to-watch-this-week-4-26-2020)

[3] TheStreet - "American Express (AXP) Quote" (https://www.thestreet.com/quote/axp)

[4] TheStreet - "Visa (V) Quote" (https://www.thestreet.com/quote/v)

[5] TheStreet - "Walt Disney (DIS) Quote" (https://www.thestreet.com/quote/dis)

[6] TheStreet - "Boeing (BA) Quote" (https://www.thestreet.com/quote/ba)

[7] TheStreet - "Home Depot (HD) Quote" (https://www.thestreet.com/quote/hd)

[8] TheStreet - "JPMorgan Chase (JPM) Quote" (https://www.thestreet.com/quote/jpm)

Read more