Despite witnessing record-highs in August, driven by the continued economic recovery, concerns over a resurgence of COVID-19 cases, rising Treasury yields, and high inflation led to record low performance for the Dow Jones Industrial Average (DJIA) in September. However, DJIA stocks JPMorgan Chase (NYSE:JPM), Chevron (CVX), McDonald's (MCD), American Express (AXP), and Boeing (BA) performed well, so, it might be worth taking a look at these stocks.Impressive corporate earnings, economic growth, and an improving job market drove the Dow Jones Industrial Average (DJIA) to its record-high of 35,625.40 on August 16, 2021. However, the index struggled to maintain its momentum in September. Investors are concerned over the resurgence of COVID-19 cases, struggles over the U.S. debt ceiling, the Federal Reserve’s decision to resume tapering and a high inflation projection.
This has caused massive market volatility in September, with DJIA witnessing its worst monthly decline in 2021. Although the DJIA declined 4.9% in September, major members of the index, JPMorgan Chase & Co. (JPM), Chevron Corporation (NYSE:CVX), McDonald's Corporation (NYSE:MCD), American Express Company (NYSE:AXP), and The Boeing Company (NYSE:BA), have delivered positive returns.
This is owed to their strong fundamentals. As the market is expected to remain volatile this month as well, it could be wise to add these best-performing DJIA stocks to your watchlist.