Dow Jones Surges: DIA Defies Geopolitical Chaos as Iran Attacks & Trump Demands Oil Independence

Wall Street shrugs off missiles with classic American optimism

Defiance as a trading strategy

The Dow Jones Industrial Average ETF (DIA) climbs despite Iran's strike on U.S. bases—because nothing fuels markets like conflict profiteering. Former President Trump's call for domestic oil production spikes energy stocks, proving once again that war machines and portfolios share the same heartbeat.

Black gold, red ink

Oil traders pivot faster than a Washington spin doctor, bidding up crude futures while 'energy independence' rhetoric floods the airwaves. The market's bipolar reaction to geopolitical risk would give Freud whiplash—fear one minute, greed the next.

The cynical take

Nothing unites Capitol Hill and Wall Street like the sweet smell of petrodollars. As politicians posture and missiles fly, the real American exceptionalism shines through: our unmatched ability to monetize apocalypse.

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On Monday, Iran launched 10 missiles at the Al Udeid Air Base in Qatar, according to an Israeli official. The base has a heavy U.S. military presence. Qatar’s Ministry of Foreign Affairs spokesperson said that it was able to intercept all of the missiles, resulting in no injuries. In addition, a source told Fox News that the U.S. was prepared for an attack on its Middle East bases.

Earlier today, an Iranian official told CNN that the war could drag on for two years and that Iran is prepared to continue the fight.

The conflict has resulted in higher gas prices across the U.S., leading President TRUMP to reaffirm his message on Truth Social to “DRILL, BABY, DRILL!!! And I mean NOW!!!” Crude oil futures are up by about 15% during the past month.

The Dow Jones is up by 0.69% at the time of writing.

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.

Every single tech stock within the index is rising, led by IBM (IBM) and Microsoft (MSFT). All stocks within the consumer defensive and industrials sectors are in the green as well. The lone energy company, Chevron (CVX), is falling as oil prices drop.

UnitedHealth (UNH) and Amgen (AMGN) are in the red within the healthcare sector. UnitedHealth has dealt with a series of medical and insurance malpractice allegations in recent months and has shed 40% year-to-date.

DIA Stock Moves Higher with the Dow Jones

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 rising alongside the Dow Jones today.

Wall Street believes that DIA stock should be priced higher. During the past three months, analysts have issued an average DIA price target of $465.57 for the stocks within the index, implying upside of 9.78% from current prices. The 31 stocks in DIA carry 30 buy ratings, 1 hold rating, and zero sell ratings.