The Dow components that drove the blue-chip stock index to a 27,000 milestone - MarketWatch

Which company deserves the most credit for the Dow Jones Industrial Average’s run to a milestone at 27,000 since last posting a finish at or above a round-number milestone at 26,000 back on Jan. 17? Visa Inc. V, +0.79%

The credit-card giant has rung up rich gains over the past 17 months, contributing some 390 points to the price-weighted Dow DJIA, +0.85% while Microsoft Corp. MSFT, +0.40% has added about 324 points to the blue-chip gauge, according to Dow Jones Market Data during that period.

Shares of Visa have climbed nearly 50% since mid January of 2018, rising to $180.74 a share from $121.98. As opposed to the S&P 500 index SPX, +0.23% and the market-capitalization weighted Nasdaq Composite Index COMP, -0.08% each dollar move in any one of the Dow’s 30 components equates to a 6.8-point swing in the 123-year-old, price-weighted benchmark. Microsoft shares have jumped by more than 54%, trading at $138.40 from $90.14 a share at the close of trading Jan. 17.

Meanwhile, the biggest drags on the Dow have been industrial giants, with 3M Co. exacting a 564-point toll on the index over the period, and Caterpillar Inc.’s shares dragging its down by 247 points.

Here’s a complete list of the contributors to the Dow’s relatively lengthy jaunt from 26,000 to 27,000, according to Dow Jones Market Data (the list includes 32 constituents accounting for a split up of DowDuPont Inc. and Walgreens replacing General Electric as a component:

Dow component performance since Jan. 17, 2018	Total point contribution (as of midday trade July 11)
Visa Inc. V, +0.79%	390 points
Microsoft Corp. MSFT, +0.40%	324
McDonald’s Corp. MCD, -0.14%	256
Walt Disney Co. DIS, +0.03%	213
American Express Co. AXP, +0.30%	176
Apple Inc. AAPL, -0.73%	164
Nike Inc. NKE, +0.96%	161
Merck & Co. Inc. MRK, -4.53%	154
Procter & Gamble Co. PG, +0.57%	151
Travelers Cos. Inc. TRV, -0.57%	110
Cisco Systems Inc. CSCO, +0.30%	108
Home Depot Inc. HD, +1.57%	74
Walmart Inc. WMT, +0.83%	68
UnitedHealth Group Inc. UNH, +5.54%	63
Pfizer Inc. PFE, -2.43%	47
Verizon Communications Inc. VZ, -0.18%	36
Coca-Cola Co. KO, +0.42%	34
Intel Corp. INTC, +0.81%	27
Boeing Co. BA, +1.92%	7
JPMorgan Chase & Co. JPM, +0.96%	-0.64
United Technologies Corp. UTX, +0.68%	-28
General Electric Co. GE, -0.69%	-30
Dow Inc. DOW, +0.42%	-40
Johnson & Johnson JNJ, -0.79%	-42
Chevron Corp. CVX, -0.01%	-48
Exxon Mobil Corp. XOM, +0.06%	-72
Walgreens Boots Alliance Inc. WBA, +0.09%	-79
DuPont de Nemours Inc. DWDP, +0.00%	-146
International Business Machines Corp. IBM, +0.55%	-194
Caterpillar Inc. CAT, +0.98%	-247
Goldman Sachs Group Inc. GS, +2.59%	-323
3M Co. MMM, +2.00%	-564

All three main U.S. stock gauges rallied on Thursday, aided partly by stock-supportive central-bank policy, with Federal Reserve Chairman Jerome Powell in congressional testimony setting the stage for an aggressive round of reductions to benchmark federal-funds rates at a range of 2.25%-2.50%. On Thursday, the S&P 500 SPX, +0.23% closed at a record while the Nasdaq Composite Index COMP, -0.08% finished within range of its own all-time high.

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https://www.marketwatch.com/story/here-are-the-dow-components-driving-the-blue-chip-stock-index-to-a-27000-milestone-2019-07-11

2019-07-11 18:36:00Z
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