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The Dow components driving 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, +0.46%

The credit-card giant has rung up rich gains over the past 17 months, contributing some 390 points to the price-weighted Dow

DJIA, +0.66%

while Microsoft Corp.

MSFT, +0.10%

has added about 324 points to the blue-chip gauge, according to Dow Jones Market Data during that period.

Shares of Visa have climbed about 48% since mid January of 2018, rising to $180.47 a share from $121.98. As opposed to the S&P 500 index

SPX, +0.07%

and the market-capitalization weighted Nasdaq Composite Index

COMP, -0.17%

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 $138.94 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, +0.46%

 

390 points
Microsoft Corp.

MSFT, +0.10%

 

324
McDonald’s Corp.

MCD, -0.48%

 

256
Walt Disney Co.

DIS, +0.37%

 

213
American Express Co.

AXP, +0.26%

 

176
Apple Inc.

AAPL, -0.37%

 

164
Nike Inc.

NKE, +0.61%

 

161
Merck & Co. Inc.

MRK, -4.95%

 

154
Procter & Gamble Co.

PG, -0.01%

 

151
Travelers Cos. Inc.

TRV, -0.93%

 

110
Cisco Systems Inc.

CSCO, -0.03%

 

108
Home Depot Inc.

HD, +1.08%

 

74
Walmart Inc.

WMT, +0.45%

 

68
UnitedHealth Group Inc.

UNH, +5.36%

 

63
Pfizer Inc.

PFE, -2.70%

 

47
Verizon Communications Inc.

VZ, -0.39%

 

36
Coca-Cola Co.

KO, +0.27%

 

34
Intel Corp.

INTC, +0.62%

 

27
Boeing Co.

BA, +1.82%

 

7
JPMorgan Chase & Co.

JPM, +1.00%

 

-0.64
United Technologies Corp.

UTX, +0.44%

 

-28
General Electric Co.

GE, -0.39%

 

-30
Dow Inc.

DOW, +0.32%

 

-40
Johnson & Johnson

JNJ, -1.12%

 

-42
Chevron Corp.

CVX, -0.21%

 

-48
Exxon Mobil Corp.

XOM, -0.09%

 

-72
Walgreens Boots Alliance Inc.

WBA, -0.49%

 

-79
DuPont de Nemours Inc.

DWDP, +0.00%

 

-146
International Business Machines Corp.

IBM, +0.44%

 

-194
Caterpillar Inc.

CAT, +0.63%

 

-247
Goldman Sachs Group Inc.

GS, +2.85%

 

-323
3M Co.

MMM, +1.50%

 

-564

All three main U.S. stock gauges were rallying 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, +0.07%

and the Nasdaq Composite indexes

COMP, -0.17%

were trading in record territory.

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