US30What is US30?
The US30, also known as the Dow Jones Industrial Average (DJIA) or simply the Dow 30, is a widely followed stock market index that tracks the performance of 30 large, publicly traded U.S. companies. These companies are considered some of the most important and influential in the U.S. economy, representing a diverse range of sectors such as technology, healthcare, finance, consumer goods, and industrials.
The index is price-weighted, meaning that stocks with higher share prices have a greater impact on the index’s value than those with lower prices. The DJIA is calculated by adding the prices of all 30 component stocks and dividing by a divisor that adjusts for stock splits and other corporate actions.
The US30 acts as a barometer of the U.S. stock market and overall economic health, though it only includes 30 companies and is not weighted by market capitalization like the S&P 500.
Companies That Make Up the US30 (As of 2025)
The 30 companies in the US30 include some of the largest and most influential U.S. corporations:
Apple Inc. (AAPL) – Technology
Microsoft Corporation (MSFT) – Technology
Nvidia Corporation (NVDA) – Technology
Visa Inc. (V) – Financial Services
Johnson & Johnson (JNJ) – Healthcare
Procter & Gamble Company (PG) – Consumer Goods
Walmart Inc. (WMT) – Retail
JPMorgan Chase & Co. (JPM) – Financial Services
The Coca-Cola Company (KO) – Consumer Goods
The Home Depot, Inc. (HD) – Retail
McDonald's Corporation (MCD) – Consumer Services
UnitedHealth Group Incorporated (UNH) – Healthcare
The Travelers Companies, Inc. (TRV) – Insurance
The Boeing Company (BA) – Aerospace & Defense
Amgen Inc. (AMGN) – Biotechnology
Goldman Sachs Group, Inc. (GS) – Financial Services
Caterpillar Inc. (CAT) – Machinery
Merck & Co., Inc. (MRK) – Pharmaceuticals
Salesforce, Inc. (CRM) – Technology
Chevron Corporation (CVX) – Energy
IBM Corporation (IBM) – Technology
Honeywell International Inc. (HON) – Industrials
Cisco Systems, Inc. (CSCO) – Technology
The Walt Disney Company (DIS) – Media & Entertainment
Nie, Inc. (NKE) – Consumer Goods
Verizon Communications Inc. (VZ) – Telecommunications
American Express Company (AXP) – Financial Services
3M Company (MMM) – Conglomerates
Walgreens Boots Alliance, Inc. (WBA) – Retail
Dow Inc. (DOW) – Chemicals
How Bond Yields and the US Dollar (DXY) Affect US30 Price Movement
Bond Yields Impact
Rising bond yields (especially U.S. Treasury yields) generally increase borrowing costs for companies, which can dampen corporate profits and weigh on stock prices, including those in the US30.
Higher yields can also make bonds more attractive relative to stocks, causing some investors to shift capital out of equities and into fixed income, putting downward pressure on the US30.
Conversely, falling bond yields reduce borrowing costs and can boost stock valuations, supporting gains in the US30.
US Dollar Index (DXY) Impact
The US Dollar Index (DXY) measures the strength of the dollar against a basket of major currencies.
A stronger dollar can hurt multinational companies in the US30 by making their exports more expensive and reducing the value of overseas earnings when converted back to USD, often leading to downward pressure on the index.
A weaker dollar tends to support US30 companies with significant international sales, potentially boosting the index.
Additionally, dollar strength often reflects risk-off sentiment, which can coincide with stock market declines, while dollar weakness often aligns with risk-on sentiment and rising equities.
Summary
Factor Effect on US30 Price Movement
Rising Bond Yields Negative: Higher borrowing costs, shift to bonds
Falling Bond Yields Positive: Lower borrowing costs, stocks more attractive
Stronger US Dollar Negative: Exporters hurt, overseas earnings worth less
Weaker US Dollar Positive: Boosts multinational earnings, supports stocks
In essence, the US30 reflects the performance of 30 major U.S. companies weighted by stock price. Its price movements are influenced by macroeconomic factors such as bond yields and the US dollar, which affect corporate profitability and investor risk appetite.
