Only 8 Of The 30 Dow Jones Stocks Were Positive In The First Half Of 2022: Chevron Leads, But Who Else Was Up?

Zinger Key Points
  • The SPDR Dow Jones Industrial Average ETF Trust ended the first half of the year down 15.5%.
  • Only 8 of the 30 Dow Jones components were positive in the first half of 2022, compared to 18 that were down 10% or more.

The U.S. stock market had a rough start to 2022 with a market correction hitting stocks and many indexes seeing their worst performances in decades.

What Happened: The S&P 500, as tracked by the SPDR S&P 500 ETF Trust SPY, saw a decline of 20.8% in the first half of 2022. This marked the largest first half decline for the index since 1970.

The Dow Jones, which is tracked by the SPDR Dow Jones Industrial Average ETF Trust DIA, ended the first half of the year down 15.5%.

The index includes 30 of the country’s largest corporations split among a series of diverse sectors.

Here are the eight stocks in the Dow Jones that are positive year-to-date in 2022 through June 30:

  • Chevron Corp CVX: +23.4%
  • Merck & Co., Inc. MRK: +19.0%
  • Amgen, Inc. AMGN: +8.2%
  • Travelers Companies TRV: +8.1%
  • Coca-Cola Co KO: +6.3%
  • International Business Machines IBM: +5.6%
  • Johnson & Johnson JNJ: +3.8%
  • UnitedHealth Group Inc UNH: +2.2%

Related Link: 7 Best Dow Jones Stocks To Buy

What Happened: Similar to the S&P 500 gainers for the first half of the year, an oil company led the way with Chevron up 23.4% for the year.

The list of eight stocks show some diversity across industries such as energy, consumer goods, technology and healthcare.

The stocks that saw gains in the first half of 2022 could also be showing the trend of investors searching for value companies instead of high-growth names. The companies on the list have been around for years, have shown revenue and earnings growth, and pay out dividends.

Of the eight stocks with gains in the first half of the year, four pay dividend yields of 3% or more and seven pay dividend yields of 2% or more.

On the flip side, the biggest decliners of the Dow Jones components in the first half of 2022 were:

  • Walt Disney Co DIS: -39.1%
  • Nike Inc NKE: -38.8%
  • Salesforce Inc CRM: -35.1%
  • Home Depot HD: -33.9%
  • Cisco Systems Inc CSCO: -32.7%

Six of the Dow Jones components had declines of 30% or more in the first half of 2022 and 13 had declines of 20% or more. A total of 18 of the 30 components lost 10% or more in their share price in the first half of 2022.

Of the bottom six components in year-to-date return, three pay no dividends and the other three pay 1.2%, 2.8% and 3.6%. This could signal the continued trend of value stocks over growth stocks, even when it comes to some of the largest companies in the country.

Photo: Tada Images via Shutterstock


 

Posted In: dividend yieldDogs of the DowDow JonesDow Jones Industrial AverageGrowth stocksS&P 500Technology Stocksvalue stocksNewsBroad U.S. Equity ETFsTrading IdeasETFs

Ad Disclosure: The rate information is obtained by Bankrate from the listed institutions. Bankrate cannot guaranty the accuracy or availability of any rates shown above. Institutions may have different rates on their own websites than those posted on Bankrate.com. The listings that appear on this page are from companies from which this website receives compensation, which may impact how, where, and in what order products appear. This table does not include all companies or all available products.

All rates are subject to change without notice and may vary depending on location. These quotes are from banks, thrifts, and credit unions, some of whom have paid for a link to their own Web site where you can find additional information. Those with a paid link are our Advertisers. Those without a paid link are listings we obtain to improve the consumer shopping experience and are not Advertisers. To receive the Bankrate.com rate from an Advertiser, please identify yourself as a Bankrate customer. Bank and thrift deposits are insured by the Federal Deposit Insurance Corp. Credit union deposits are insured by the National Credit Union Administration.

Consumer Satisfaction: Bankrate attempts to verify the accuracy and availability of its Advertisers' terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. If you believe that you have received an inaccurate quote or are otherwise not satisfied with the services provided to you by the institution you choose, please click here.

Rate collection and criteria: Click here for more information on rate collection and criteria.