DJIA - Dow Stocks Like Microsoft Apple Disney and Verizon Reveal Two Sides of the Market
2023-06-06 09:00:00 ET
After a brutal 2022, the stock market is roaring in 2023, with the Nasdaq Composite up 26% and the S&P 500 up 11% year to date (YTD) at the time of this writing. Yet dig deeper and you'll find some peculiar price action in many well-known names.
Six of the 30 components of the Dow Jones Industrial Average (NYSEMKT: DJIA) are within 5% of their 52-week lows, and eight are within 5% of their 52-week highs as of Friday's close.
The Dow isn't a perfect index . But it does a fine job of reflecting the broader U.S. economy, especially as more tech stocks have been added to the index in response to the growing share tech holds in the market capitalization of the broader stock market.
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Dow Stocks Like Microsoft, Apple, Disney, and Verizon Reveal Two Sides of the Market