Dow Jones Today: DJIA Retreats on U.S.-Iran Escalation as Oil Nears $100

The Dow Jones (DJIA) is down 1.08% on Tuesday as investors assess persistent U.S.-Iran tensions. Over the Labor Day weekend, the U.S. struck three Iranian oil tankers in response to Iran launching ballistic missiles at U.S. Navy warships. Iran threatened to target U.S. energy infrastructure in the Middle East if the attacks continued. Meanwhile, traffic through the Strait of Hormuz remains constrained. Eight vessels passed through the global oil chokepoint on Saturday and Sunday, followed by another seven on Monday, according to data analytics firm Kpler. Daily traffic remains well below the pre-war average of 120 vessels. Brent crude oil (BZ) is up 0.2% on the day, bringing its monthly gain to 10.9%. In addition, gas prices across the U.S. rose to $4.15 over the weekend, marking the highest Labor Day holiday prices on record. Higher energy prices could potentially fuel a rate hike when the Fed meets for its next interest rate decision on September 16. The odds of a 25-basis-point hike stand at 60.4%, up from 59.4% on Friday. Elsewhere, tariff jitters are back in the spotlight. At midnight, Canadian tariffs on $20 billion of U.S. goods went into effect. The duties were in response to the U.S. enacting tariffs on $20 billion of Canadian goods last month, which include wine, cement, and hockey sticks. Which Stocks are Moving the Dow Jones? Let's pivot to TipRanks' Dow Jones Heatmap, which illustrates the stocks that have contributed to the index's price action. All five tech stocks are in the red, with software stocks Salesforce (CRM) and Microsoft (MSFT) facing heightened pressure. Nvidia (NVDA) is also trading lower after Qualcomm (QCOM) announced a data center infrastructure partnership with Amazon's (AMZN) Amazon Web Services (AWS). As part of the deal, Qualcomm will provide Amazon with warrants to purchase 25 million shares. Elsewhere, all stocks in the financial and healthcare sectors are in the negative. Chevron (CVX), the lone energy stock in the Dow Jones, is trading higher alongside rising oil prices. Is the Dow Jones a Good Long-Term Investment? The SPDR Dow Jones Industrial Average ETF (DIA) is an exchange-traded fund designed to track the movement of the Dow Jones. As a result, DIA is falling alongside the Dow Jones today. Wall Street believes that DIA stock has room to rise. During the past three months, analysts have issued an average DIA price target of $614.26, implying upside of 16.34% from current prices. The 30 holdings in DIA carry 28 buy ratings, two hold ratings, and zero sell ratings. Disclaimer & DisclosureReport an Issue