{"id":21255,"date":"2023-06-11T16:57:15","date_gmt":"2023-06-11T20:57:15","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/the-dow-jones-industrial-average-peaked-in-january-2021-now-what\/"},"modified":"2023-06-11T16:57:16","modified_gmt":"2023-06-11T20:57:16","slug":"the-dow-jones-industrial-average-peaked-in-january-2021-now-what","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=21255","title":{"rendered":"The Dow Jones Industrial Average Peaked In January, 2021. Now What?"},"content":{"rendered":"
\n

The Dow Jones Industrial Average is mentioned these days mostly as an afterthought. Who really cares about such an old fashioned index when all the fun is being had over in the NASDAQ-100? 30 stocks that your grandfather liked when you could own all of these hot artificial intelligence names?<\/p>\n

The problem is that these components of the Dow represent the backbone of American industry and, even if\u2019s unclear whether or how much \u201cAI\u201d benefits or affects them, it\u2019s hard for some to get excited about the economy when this major index has down trended since January, 2021.<\/p>\n

Warrent Buffett\u2019s favorite tech stock, Apple, is a part of the Dow Jones Industrials and it\u2019s had a good run, but what about some of the other name brands that make up the average? There is not a Nvidia-style blast upward among them. It\u2019s quite a negative divergence when displayed beside the NASDAQ-100.<\/p>\n

<\/h2>\n

Dow Jones Industrial stocks in down trends:<\/h2>\n

<\/fbs-ad><\/p>\n

MMM weekly price chart:<\/p>\n

The big conglomerate peaked in mid-2021 at $190. The red-dotted down trend line connects that price with the $185 high seen later in that year. Note that the 50-week moving average crossed below the 200-week moving average in mid-2022 and that the price remains below both.<\/p>\n

Boeing weekly price chart:<\/p>\n

Although the stock recently crossed above its down trending 200-week moving average, the price remains below the early 2021 high of just below $280. Boeing is continuing to recover from the devastating early 2020 sell-off that it to below $100. The company had traded as high as $440 in early 2019.<\/p>\n

Goldman Sachs weekly price chart:<\/p>\n

Nike daily price chart:<\/p>\n

That the price has dropped to below both its 50-week moving average as well as its 200-week moving average is unfortunate for investors. After trading just above $130 earlier this year \u2014 and approaching $128 in early May \u2014 Nike is now down to $105 for a one-month slide of 19%.<\/p>\n

Verizon weekly price chart:<\/p>\n

The red-dotted downtrend line connecting the April, 2022 high with the January, 2023 sudden uptick high shows the steepness of the drop. The 50-week moving average crossed below the 200-week moving average in May, 2022. Can Verizon maintain the previous support level of $32\/$34?<\/p>\n

These downward trends in 5 major components of the Dow Jones Industrials are helping to keep it from looking anything like the NASDAQ-100 right now. This week\u2019s CPI and PPI numbers may affect things as well as whatever moves the Fed makes afterwards.<\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The Dow Jones Industrial Average is mentioned these days mostly as an afterthought. Who really cares about such an old fashioned index when all the fun is being had over in the NASDAQ-100? 30 stocks that your grandfather liked when you could own all of these hot artificial intelligence names? The problem is that these […]<\/p>\n","protected":false},"author":1,"featured_media":21256,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-21255","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investing","tag-featured"],"yoast_head":"\nThe Dow Jones Industrial Average Peaked In January, 2021. Now What? | iFintechWorld<\/title>\n<meta name=\"description\" content=\"The Dow Jones Industrial Average is mentioned these days mostly as an afterthought. Who really cares about such an old fashioned index when all the fun is\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=21255\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Dow Jones Industrial Average Peaked In January, 2021. Now What? | iFintechWorld\" \/>\n<meta property=\"og:description\" content=\"The Dow Jones Industrial Average is mentioned these days mostly as an afterthought. Who really cares about such an old fashioned index when all the fun is\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ifintechworld.com\/?p=21255\" \/>\n<meta property=\"og:site_name\" content=\"iFintechWorld\" \/>\n<meta property=\"article:published_time\" content=\"2023-06-11T20:57:15+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-06-11T20:57:16+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/06\/1686517035_0x0.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"683\" \/>\n\t<meta property=\"og:image:height\" content=\"384\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"News Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ifintechworld.com\/?p=21255#article\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=21255\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\"},\"headline\":\"The Dow Jones Industrial Average Peaked In January, 2021. Now What?\",\"datePublished\":\"2023-06-11T20:57:15+00:00\",\"dateModified\":\"2023-06-11T20:57:16+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=21255\"},\"wordCount\":414,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"keywords\":[\"Featured\"],\"articleSection\":[\"Investing\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/ifintechworld.com\/?p=21255#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ifintechworld.com\/?p=21255\",\"url\":\"https:\/\/ifintechworld.com\/?p=21255\",\"name\":\"The Dow Jones Industrial Average Peaked In January, 2021. Now What? | iFintechWorld\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/#website\"},\"datePublished\":\"2023-06-11T20:57:15+00:00\",\"dateModified\":\"2023-06-11T20:57:16+00:00\",\"description\":\"The Dow Jones Industrial Average is mentioned these days mostly as an afterthought. Who really cares about such an old fashioned index when all the fun is\",\"breadcrumb\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=21255#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ifintechworld.com\/?p=21255\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ifintechworld.com\/?p=21255#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ifintechworld.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"The Dow Jones Industrial Average Peaked In January, 2021. Now What?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ifintechworld.com\/#website\",\"url\":\"https:\/\/ifintechworld.com\/\",\"name\":\"Repay Down\",\"description\":\"Latest Personal Finance News, Tips and Updates\",\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ifintechworld.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ifintechworld.com\/#organization\",\"name\":\"Repay Down\",\"url\":\"https:\/\/ifintechworld.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"width\":558,\"height\":90,\"caption\":\"Repay Down\"},\"image\":{\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\",\"name\":\"News Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"caption\":\"News Room\"},\"sameAs\":[\"https:\/\/ifintechworld.com\"],\"url\":\"https:\/\/ifintechworld.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"The Dow Jones Industrial Average Peaked In January, 2021. Now What? | iFintechWorld","description":"The Dow Jones Industrial Average is mentioned these days mostly as an afterthought. Who really cares about such an old fashioned index when all the fun is","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ifintechworld.com\/?p=21255","og_locale":"en_US","og_type":"article","og_title":"The Dow Jones Industrial Average Peaked In January, 2021. Now What? | iFintechWorld","og_description":"The Dow Jones Industrial Average is mentioned these days mostly as an afterthought. Who really cares about such an old fashioned index when all the fun is","og_url":"https:\/\/ifintechworld.com\/?p=21255","og_site_name":"iFintechWorld","article_published_time":"2023-06-11T20:57:15+00:00","article_modified_time":"2023-06-11T20:57:16+00:00","og_image":[{"width":683,"height":384,"url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/06\/1686517035_0x0.jpg","type":"image\/jpeg"}],"author":"News Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"News Room","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/ifintechworld.com\/?p=21255#article","isPartOf":{"@id":"https:\/\/ifintechworld.com\/?p=21255"},"author":{"name":"News Room","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61"},"headline":"The Dow Jones Industrial Average Peaked In January, 2021. Now What?","datePublished":"2023-06-11T20:57:15+00:00","dateModified":"2023-06-11T20:57:16+00:00","mainEntityOfPage":{"@id":"https:\/\/ifintechworld.com\/?p=21255"},"wordCount":414,"commentCount":0,"publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"keywords":["Featured"],"articleSection":["Investing"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ifintechworld.com\/?p=21255#respond"]}]},{"@type":"WebPage","@id":"https:\/\/ifintechworld.com\/?p=21255","url":"https:\/\/ifintechworld.com\/?p=21255","name":"The Dow Jones Industrial Average Peaked In January, 2021. Now What? | iFintechWorld","isPartOf":{"@id":"https:\/\/ifintechworld.com\/#website"},"datePublished":"2023-06-11T20:57:15+00:00","dateModified":"2023-06-11T20:57:16+00:00","description":"The Dow Jones Industrial Average is mentioned these days mostly as an afterthought. Who really cares about such an old fashioned index when all the fun is","breadcrumb":{"@id":"https:\/\/ifintechworld.com\/?p=21255#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ifintechworld.com\/?p=21255"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/ifintechworld.com\/?p=21255#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ifintechworld.com\/"},{"@type":"ListItem","position":2,"name":"The Dow Jones Industrial Average Peaked In January, 2021. Now What?"}]},{"@type":"WebSite","@id":"https:\/\/ifintechworld.com\/#website","url":"https:\/\/ifintechworld.com\/","name":"Repay Down","description":"Latest Personal Finance News, Tips and Updates","publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ifintechworld.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ifintechworld.com\/#organization","name":"Repay Down","url":"https:\/\/ifintechworld.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","width":558,"height":90,"caption":"Repay Down"},"image":{"@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61","name":"News Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","caption":"News Room"},"sameAs":["https:\/\/ifintechworld.com"],"url":"https:\/\/ifintechworld.com\/?author=1"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/21255","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=21255"}],"version-history":[{"count":1,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/21255\/revisions"}],"predecessor-version":[{"id":21257,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/21255\/revisions\/21257"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/media\/21256"}],"wp:attachment":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21255"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21255"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21255"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}