Stocks moved lower in early trading Friday as investors digested the latest threats from President Donald Trump to impose hefty tariffs on U.S. trading partners.

The Dow Jones Industrial Average gained ground as metal, cyclical and financial stocks kept a bullish profile. But datacenter stocks got stung.

Investors were watching for fresh updates on trade Thursday and tuning into Fed speakers, while the Nasdaq Composite fights to advance its string of record closing highs this year.

The Dow is fertile ground for those seeking dividend income. It holds several higher-yielding dividend stocks with an excellent track record of increasing their payouts. One that stands out for income seekers this July is Chevron ( CVX 0.34%). Here's why it's a great Dow stock to buy this month for passive income.

The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $29.44, a high estimate of $35.00, and a low estimate of $22.00. Highlighting a 17.07% decrease, the current average has fallen from the previous average price target of $35.50.

Shares of MicroCloud Hologram gained after the company said it has bought up to $200 million in Bitcoin and cryptocurrency-related securities. The stock rose 24% at $7.46 in the morning session on Friday. Shares have plunged 98% in the past year.