Still, the index and the DIA ETF will react to these earnings because they will provide more information about the state of corporate America. American Express, which has some banking features. The only bank stocks in the Dow Jones are Goldman Sachs and JP Morgan. These results will be followed by other large banks like Bank of America, Goldman Sachs, and Morgan Stanley. The next key catalyst for the DIA ETF is the upcoming bank earning season that kicks off on Friday when leading banks like JP Morgan, Citigroup, and Wells Fargo publish their results.
It also made the mistake of concentrating most of its investments in long-term bonds. SVB, on the other hand, only focused on the technology sector. They also believe that banks that collapsed had fundamental challenges in their operations.įor example, Credit Suisse was a troubled bank that made losses worth billions of dollars in the past few years. The thinking among investors is that the banking industry is relatively safe. The DIA ETF has held quite well as investors move on from the recent bank crisis that led to the collapse of Credit Suisse and Silicon Valley Bank. It has risen by more than 19% from the lowest level this year. It jumped to a high of $340, which is about 8% above the lowest level in March. The SPDR Dow Jones Industrial Average (DIA) ETF continued rising as investors react to the latest Federal Reserve minutes.
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