5 Dow Jones Industrial Stocks Declining In Price, Not Rallying
The Dow Jones Industrial Average has not yet joined the 'new highs' crowd. Although the S&P 500 and the Nasdaq 100 achieved it last week, the 30 equities known as 'Dow Industrials' failed to get there. One reason is that these five stocks – all DJIA components – have been dropping in price, not rising.
Each one has an individual story but it's probably worth noting that 16.67% of the big index is pulling down the overall average. It's enough of a weight that the other stock market indexes have pulled ahead and left the Industrials behind. Inflationary expectations and lack of an interest rate cut may be hitting harder for these 5.
5 Dow Jones Industrial Stocks In Price Drops
Apple
Apple daily price chart, 6 30 2025.
The price hit $260 in late December 2024 and that's been the peak. By early April, the stock had tanked to just below $170. A rally took it up to the $215 level but buyers seem reluctant to move Apple higher than that. The 50-day moving average crossed below the 200-day moving average in early April. The stock closed above the 50-day on the last day of June.
Salesforce
Salesforce.com daily price chart 6 30 25.
The software application company peaked in early December 2024 at just above $365. Selling took it down for a few weeks and then the stock hit the $365 mark again, briefly. The sell-off into early April took the price down to $230 before buyers showed up. The 50-day moving average crossed below the 200-day moving average in mid-April.
Home Depot
Home Depot daily price chart 6 30 25.
The price reached above $430 in late November 2024 and in early December 2024 but it's been down since then. It rallied off of the early April low and briefly popped above the 200-day moving average in mid-May, hitting just above $385. The 50-day moving average appears to trending upward and Home Depot closed above it on the last three days of June.
Merck
Merck daily price chart, 6 30 25.
The stock of the pharmaceutical company is not helping the Dow Jones Industrial Average at all. Take a look at the relentlessness in downward direction of the 200-day moving average. The price has traded below it for the entire period shown on this chart. Merck in June has managed to move above the 50-day moving average for most of the month but refuses to take off above the late April high.
Unitedhealth Group
Unitedhealth Group daily price chart, 6 30 25.
This huge health insurance company with a market cap of $283 billion is the one component pulling down the Dow the most. The stock traded at just under $620 in November 2024 and now goes for $311. That's practically a 50% slide. The 50-day moving average crossed below the 200-day moving average in late January 2025 providing a warning of sorts.
Stats courtesy of FinViz.com. Charts courtesy of Stockcharts.com.
No artificial intelligence was used in the writing of this post.
More analysis and commentary at johnnavin.substack.com.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
21 minutes ago
- Yahoo
Gov. Stein signs P.A.V.E. Act into law, paving the way for transit transformation in Mecklenburg County
MECKLENBURG COUNTY, N.C. (QUEEN CITY NEWS) — Governor Stein officially signed six new bills into law on Tuesday morning, including one that could reshape transportation in Mecklenburg County for years to come. One of the most talked-about measures is , short for Public Access to Valuable Equity. This legislation opens the door for a November ballot referendum, where Mecklenburg County voters will decide whether to approve a one-cent local sales tax to invest in a more modern, accessible, and sustainable transportation system. MORE: NC Gov. Stein hosts news conference to sign 6 bills into law 'Today is a game-changer for our region,' Shannon Binns, Executive Director of Sustain Charlotte, said in a written statement. 'For years, we've dreamed of giving residents the chance to fund more frequent buses and trains, safer bike lanes, sidewalks, and safer streets for all. With Governor Stein's signature, that dream moves from the advocacy stage to the ballot box. When Mecklenburg County prospers with better mobility, every family, no matter their zip code or income, gains access to opportunity, cleaner air, and a higher quality of life.' 'This is more than a transportation bill, it's a generational opportunity to shape how ourregion grows and connects,' Shelly Cayette-Weston, President of Business Operations forCharlotte Hornets/Hornets Sports and Entertainment said in a written statement. 'This is a powerful example of how local and state leaders can work together to create bold solutions.' The P.A.V.E. Act gives Mecklenburg County the authority to: Put a one-cent sales tax proposal before voters this November Use funds to improve roads, expand public transit, and enhance bike/pedestrian infrastructure Tackle traffic congestion while reducing air pollution from vehicles It also makes changes to local tax laws, including updates to the county's 'U-Drive-It' vehicle tax and existing transportation-related sales tax rules, to support this effort. MORE: After Mecklenburg County's transportation bill passes Senate, do Charlotte residents support the tax hike? The measure was and earned bipartisan support in the General Assembly before arriving on Governor Stein's desk. If voters say yes this fall, the new tax could generate hundreds of millions of dollars for projects aimed at: Expanding bus and light rail service Building sidewalks and protected bike lanes Supporting Vision Zero initiatives to make streets safer Reducing tailpipe emissions, the leading source of local climate pollution For Mecklenburg County residents, that means shorter commutes, cleaner air, and more transportation options, especially in underserved neighborhoods. MORE: Officials detail plans to improve Mecklenburg County bus stops, but they need a one-cent sales tax to do it Now that the P.A.V.E. Act is law, it's up to the Mecklenburg Board of County Commissioners to place the referendum on the November 2025 ballot. If they do, voters will have the final say on whether to approve the sales tax and launch what advocates call a 'transformational investment.' Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
21 minutes ago
- Yahoo
Trump slams Elon Musk as megabill drops AI protections and hits snags in Senate
President Trump slammed Elon Musk's subsidies, and Republican senators struck down a plan to shield artificial intelligence from state regulations. These two middle-of-the-night developments on Tuesday reinforced a growing schism between Trump and Silicon Valley supporters over his "big, beautiful bill." The first development came at 12:44 a.m. ET, when Trump responded to Tesla (TSLA) CEO Musk's ongoing critiques of the package, focusing on the government grants that Musk's companies receive. "Without subsidies, Elon would probably have to close up shop and head back home to South Africa," wrote the president in a Truth Social post, adding, "perhaps we should have DOGE take a good, hard, look at this?" The president was referring to the government efficiency group that Musk ran until recently. The president's missive came after Trump's signature legislation underwent key changes in recent days that set off many in the tech industry, Musk most of all, with new measures to tax green energy companies and further support for fossil fuels, as well as a growing price tag. The divide between many in Silicon Valley and the "big, beautiful bill" has been evident for over a month. It appeared set to deepen further when, a few hours later, a closely watched artificial intelligence provision was stripped from the bill itself. This plan, which had many Silicon Valley supporters, was meant to shield the quickly growing AI industry from state and local regulations. But the idea now appears to be dead after Sen. Marsha Blackburn of Tennessee turned against a compromise plan Monday evening and stripped it from the bill. It wasn't close in the end, with the Senate voting 99-1 to adopt Blackburn's subsequent amendment in a count that wrapped up a little after 4:00 a.m. ET. Trump's overall package also appears to be teetering Tuesday morning after a series of overnight developments saw two key Republican senators — Lisa Murkowski of Alaska and Susan Collins of Maine — uncommitted to vote yes. Those two senators could join two Republicans already committed to voting no, which would be enough to sink the package. The drama between the president and the world's richest man has been up and down for weeks, but it escalated Monday afternoon when Musk offered new electoral threats against Republicans. Musk had already amplified Democrats' critiques and talked about the need for a new political party. He offered a striking promise Monday afternoon that lawmakers who vote for the bill "will lose their primary next year if it is the last thing I do on this Earth." Musk, of course, was the biggest donor during the 2024 campaign, spending at least $288 million, most of which was offered in support of Trump. Trump reiterated his critiques of Musk Tuesday morning, speaking to reporters and saying of Musk's objection to losing EV subsidies, "Elon can lose a lot more than that." The president also called the Department of Government Efficiency (DOGE) a "monster that might have to go back and eat Elon." And when asked by a reporter if he would consider deporting Musk, he demurred: "We'll have to take a look." What is unclear for the days ahead is how much the Trump-Musk fight will impact the actual chances of the bill's passage, with Senate amendment votes ongoing. Musk is clearly focused on a debate likely coming later this week, when the House is set to take up the amended measure if it passes. The House is where a vocal bloc of fiscal conservatives — who often vote as part of the "Freedom Caucus" — warily supported a previous version of the bill, saying a previous smaller price tag was too big. Musk even tagged some of these House Republican lawmakers in some of his latest posts, which continued throughout the night with dozens of messages. Musk also responded to Trump's comments about his subsidies by saying his companies like Tesla and SpaceX ( would be fine and that oil and gas subsidies should be removed as well. The back-and-forth over AI also came to a head overnight after the House passed a plan in May that included a complete ban on state regulations of AI for a decade. The little-noticed measure gained wider attention in the weeks that followed, with many of Trump's most loyal supporters opposing it. Rep. Marjorie Taylor Greene even admitted that she hadn't been aware of the provision when she voted yes. The Georgia lawmaker then announced her opposition and plans to vote no if this "violation of state rights" stayed in the bill. Trump himself doesn't appear to have taken a position on the measure, but it had the backing of his Silicon Valley-aligned aides, most notably the vocal support of AI and crypto czar (and longtime venture capitalist) David Sacks. But Republican opposition grew, and Sen. Blackburn of Tennessee became a leading voice of opposition in the Senate. She entered into negotiations over the issue and appeared to have found a compromise in recent days around the idea that instead of a decade-long ban, the provision would be amended to be a "temporary pause" of five years. States would be strongly discouraged from regulating AI, as lawmakers linked it to access to millions of dollars in AI infrastructure and deployment funding. But even that wasn't enough. Blackburn renounced the compromise, said a moratorium "could allow Big Tech to continue to exploit kids, creators, and conservatives," and teamed with a top Democrat to strike the provision entirely. Arkansas Gov. Sarah Huckabee Sanders (a former Trump press secretary) congratulated Blackburn on the move in a post the senator quickly reposted. "This is how you take on big tech!" Sanders wrote. This story has been updated with additional developments. Ben Werschkul is a Washington correspondent for Yahoo Finance. Click here for political news related to business and money policies that will shape tomorrow's stock prices Sign in to access your portfolio
Yahoo
21 minutes ago
- Yahoo
YPF turnover ruling casts shadow over Argentina shale hopes, FX
By Eliana Raszewski, Leila Miller and Jorge Otaola BUENOS AIRES (Reuters) -A dramatic ruling by a U.S. court ordering Argentina to hand over the 51% stake it holds in state energy firm YPF has cast a shadow over the country's plans for its huge Vaca Muerta shale formation and hopes to return to global markets. U.S. District Judge Loretta Preska said on Monday that Argentina must transfer its YPF shares within 14 days to partially satisfy an earlier $16.1 billion court judgment against the country over its 2012 nationalization of the firm. The government of pro-market libertarian Javier Milei said it would appeal the ruling to "defend national interests." The judgment adds uncertainty to Argentina's plans to turn Vaca Muerta, the world's No. 2 shale gas reserve and No. 4 for shale oil, into a key global energy producing region that would help bring in foreign currency needed to prop up the economy. YPF leads development of Vaca Muerta, often partnering with other local and international firms including Shell and Chevron. Vaca Muerta has hit production of over 400,000 barrels per day of oil and some 70 million cubic meters of gas per day. "Control of YPF is important for Milei; that's why an appeal is the only option for him," said Marcelo García, director for the Americas at New York-based risk consultancy Horizon Engage. "YPF leadership in Vaca Muerta is crucial for the medium- to long-term sustainability of his economic program, because it should bring the U.S. dollars the economy lacks." The legal dispute arose from Argentina's 2012 seizure of the 51% YPF stake held by Spain's Repsol, without tendering for shares held by minority investors Petersen Energia Inversora and Eton Park Capital Management. In 2023, Preska awarded $14.4 billion to Petersen and $1.7 billion to Eton Park in the same case, which Argentina is also appealing. The plaintiffs are represented by litigation funder Burford Capital, which expects to receive some 35% and 73% of Petersen's and Eton Park's respective damages. The legal ruling could also dent Argentina's ability to tap global markets, something the country is keen to do to bolster its depleted reserves after years of currency crises, regular fiscal deficits draining state coffers and high inflation. "These unresolved disputes could hinder, or even block, Argentina's return to the international capital markets," BancTrust & Co said in a note on Tuesday. García added that surrendering the shares in YPF would constitutionally need the approval of Argentina's Congress, which was unlikely to happen, adding a more realistic outcome was that it would force Milei to negotiate. "Surrendering YPF is politically not viable in Argentina today. But the ruling does force the administration to the negotiating table and gets Milei's attention on the case." Argentina's government must urgently build up foreign currency reserves to pay its debts and meet targets as part of a $20 billion loan program agreed with the International Monetary Fund in April, the indebted country's 23rd IMF program. YPF's U.S.-listed shares slumped more than 5% on Monday, while Burford's stock price jumped. Both steadied on Tuesday. YPF's current market capitalization is around $12.5 billion. (Reporting Eliana Raszewski, Leila Miller and Jorge Otaola; Writing by Adam Jourdan; Editing by Marguerita Choy)
