The CNBC Business News Update with Jessica Ettinger features market numbers & news with CNBC expert analysis and sound from top business names. Updated throughout the business day.
The Dow Jones crossed 53,000 for the first time, powered by financials and rising tech exposure. Here's what fueled the rally and the ETFs poised to benefit.
The Dow Jones Industrial Average consists of 30 blue chip stocks and has been used since 1896 as a barometer of U.S. stock market performance. The SPDR Dow Jones Industrial Average ETF Trust tracks the performance of the Dow and has delivered 13.3% average annual returns for 10 years.
Tariff risks, mixed labor data, and Big Tech weakness keep the stock market cautious, while Dow Jones strength points to 55,000 and the S&P 500 eyes 8,000.
Eight S&P 500 'safer' dividend dogs, including VICI, VZ, T, F, BEN, KMI, KEY, and RF, offer attractive yields with free cash flow coverage. Analyst projections for the top ten S&P 500 dividend dogs indicate potential net gains of 21.99% to 50.26% by July 2027, with an average risk 54% below market. The dividend dog strategy favors stocks where annual dividends from $1K invested exceed single share prices, signaling fair value and income potential.