The Dow Jones Industrial Average (DJIA) fell onerous on Friday, with a 0.34% drop, as the results of the UnitedHealth (UNH) CEO assassination took its toll on the index. That assassination noticed CEO Brian Thompson gunned down within the streets by an unknown assailant. The story has gripped Americans, with the suspect nonetheless on the unfastened and extra particulars rising.
Don’t Miss our Black Friday Offers:
That consists of phrases left behind by the gunman on the empty casings from the bullets fired on the CEO. These learn, “deny,” “defend” and “depose.” While the precise nature of this message is unknown, many imagine it to be tied to denied insurance coverage claims.
UnitedHealth has been a controversial firm regarding insurance coverage claims. That features a lawsuit over utilizing synthetic intelligence (AI) to disclaim insurance coverage claims. This was launched beneath Thompson and allegedly had a 90% error fee.
UnitedHealth Leads Stocks Pulling Dow Jones Down
Shares of UNH are down 4.96% on Friday and are behind a lot of the Dow Jones Industrial Average decline. However, it isn’t the one firm weighing on the index. Chevron (CVX) isn’t serving to with its 2.28% lower, Proctor & Gamble (PG) is sliding 0.69%, and Boeing (BA) is reducing 1.27% as of this writing.
On high of that, there isn’t a lot constructive motion on the Dow Jones to counter these falls. Some of the largest gamers on the index, reminiscent of Apple (AAPL), Microsoft (MSFT), JPMorgan Chase (JPM), and Walmart (WMT), are solely seeing marginal will increase right now.
How to Invest In the Dow Jones Index
Traders can’t spend money on the Dow Jones immediately however do produce other choices. That consists of choosing up shares in an organization listed on the index. Investors may wish to make a dangerous guess by shopping for UNH whereas it’s down or keep on with a safer funding, like Apple, Microsoft, or Walmart.
Another various is investing in an exchange-traded fund (ETF) that tracks the Dow Jones Industrial Average index. Among these are SPDR Dow Jones Industrial Average ETF Trust (DIA), Invesco Dow Jones Industrial Average Dividend ETF (DJD), iShares Dow Jones Industrial Average UCITS ETF (IDOWF), SPDR Dow Jones REIT ETF (RWR), and Direxion Daily Dow Jones Internet Bull 3X Shares (WEBL).
See extra Dow Jones ETFs
Disclosure
