15 Stocks Up, 15 Stocks Down: A Look At The Dow Jones Industrial Average Halfway Through 2023

The stock market rebounded in 2023 with top indexes trading higher after 2022, which saw market declines. Many top technology stocks are among the biggest leaders with Apple Inc AAPL and Microsoft Corp MSFT carrying the S&P 500 higher.

Here’s a look at how the Dow Jones Industrial Average is performing at the halfway point of 2023.

What Happened: Created in 1896 by Charles Dow, the Dow Jones Industrial Average is one of the oldest and most followed equity indexes for overall stock market health. The Dow Industrial Average consists of 30 stocks on a price-weighted basis.

The Dow Jones Industrial Average ETF DIA, which tracks the Dow Jones Industrial Average, is up 3.6% year-to-date in 2023.

Shares of the ETF are trading near 52-week highs as the first half of 2023 ends. The move up comes after the Dow Jones Index was down 8.8% in 2022.

Leading the Dow Jones are Salesforce Inc CRM, Apple and Microsoft, which are each up 40% or more year-to-date.

For the first half of the year, the Dow Jones was split evenly with 15 stocks up and 15 down, based on closing prices on June 29.

Here’s a look at the stocks that are down in 2023 year-to-date.

Procter & Gamble PG: -1.4%

Home Depot Inc HD: -2.5%

Honeywell International HON: -3.7%

International Business Machines IBM: -4.8%

Coca-Cola Co KO: -5.6%

Goldman Sachs Group GS: -5.9%

Verizon Communications Inc. VZ: -6.1%

Nike Inc NKE: -7.0%

Johnson & Johnson JNJ: -7.1%

Travelers Companies Inc TRV: -8.8%

UnitedHealth Group Inc UNH: -10.1%

Chevron Corporation CVX: -13.0%

Amgen, Inc. AMGN: -15.8%

3M Co MMM: -17.2%

Walgreens Boots Alliance Inc WBA: -24.1%

Related Link: Nike Q4 Earnings Highlights: Revenue Beat, EPS Miss, China Sales, Inventory Update And More 

Why It’s Important: While several Dow Jones stocks are up double digits halfway through the year, half of them are down on the year with Walgreens having the biggest decline.

Many of the stocks that are part of the Dow Jones are considered consumer staples and blue chip stocks, which could indicate how healthy the economy is.

Investors should recognize that the market increase in 2023 is being led by technology names and there is increased attention to artificial intelligence stocks. Not all sectors are seeing strong performance in 2023 and could see declines again in the full year.

The Dow Jones Industrial Average has not posted two straight years of declines since 2001 and 2002. With the index up between 3% and 4%, there is still a possibility that the index posts back-to-back declines.

The SPDR S&P 500 ETF Trust SPY, which tracks the S&P 500 Index, is up 16.2% year-to-date and far outperforming the Dow Jones Industrial Average and tracking ETF. The S&P 500 was down over 19% in 2022, a worse decline than the Dow Jones, which may point to some of the bounce back in 2023.

Read Next: 10 Highest Yielding Dow Jones Stocks 

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