July 18, 2007 at 1:23 pm by Tom Lydon
Lately the Dow Jones industrial average index has reached record highs. It even passed 14,000 (in intra-day trading) for the first time, and its exchange traded fund (ETF) counterpart, the DIAMONDS Trust, Series 1 (DIA), is also enjoying the ride. It’s up 13.4% year-to-date.
One theory for the recent record highs is that the release of many companies’ positive earnings reports gave consumers confidence in the economy. Stocks’ rising performance despite housing market woes and higher fuel prices could be other factors for the Dow’s highs, according to CBS News.
As one of the central ETFs, it’s important to know DIA’s holdings. The top five holdings and their percentages within DIA are:
- IBM (IBM) – 6.4%
- Boeing (BA) – 5.8%
- 3M (MMM) – 5.3%
- ExxonMobil (XOM) – 5.1%
- Caterpillar (CAT) – 4.7%
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