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Which company deserves the most credit for the Dow Jones industrial average, which has surpassed the 27,000 mark since the last record gain on January 26th above 26,000 on January 26? Visa Inc.
V + 0.40%
The credit card giant has posted significant gains over the last 17 months, bringing some 390 points to the Dow's weighted price index.
DJIA, + 0.49%
while Microsoft Corp.
MSFT, + 0.15%
added about 324 points to the first-order tonnage, according to Dow Jones market data during this period.
Visa shares have risen about 48% since mid-January 2018, from $ 121.98 to $ 180.47. Unlike the S & P 500 index
SPX, -0.12%
and the Nasdaq Composite Index weighted by market capitalization
COMP -0.33%
every dollar invested in one of Dow's 30 components equates to a 6.8-point change in the 123-year-old price-weighted benchmark. Microsoft shares jumped more than 54 percent from $ 90.14 to $ 138.94 at market close on Jan. 17.
Meanwhile, the biggest losses on the Dow have been industrial giants, with 3M Co. to impose a duty of 564 points on the index during the period, and Caterpillar IncThe actions of. Deriving its drop of 247 points.
Here is a complete list of contributors to Dow's long and relatively long incursion of 26,000 to 27,000, according to Dow Jones Market Data (the list includes 32 components representing a split of DowDuPont Inc. and Walgreens, which replaces General Electric as component:
| Dow component performance since January 17, 2018 | Total contribution in points (from the exchange at noon on July 11) |
| Visa Inc.
V + 0.40% |
390 points |
| Microsoft Corp.
MSFT, + 0.15% |
324 |
| McDonald's Corp.
MCD -0.31% |
256 |
| Walt Disney Co.
DIS + 0.52% |
213 |
| American Express Co.
AXP, + 0.24% |
176 |
| Apple Inc.
AAPL, -0.40% |
164 |
| Nike Inc.
NKE + 0.77% |
161 |
| Merck & Co. Inc.
MRK, -5.82% |
154 |
| Procter & Gamble Co.
PG, -0.09% |
151 |
| Travelers Cos. Inc.
TRV, -1.39% |
110 |
| Cisco Systems Inc.
CSCO, -0.15% |
108 |
| Home Depot Inc.
HIGH DEFINITION, + 1.05% |
74 |
| Walmart Inc.
WMT, + 0.24% |
68 |
| UnitedHealth Group Inc.
A H, + 4.87% |
63 |
| Pfizer Inc.
PFE, -2.91% |
47 |
| Verizon Communications Inc.
VZ -0.60% |
36 |
| Coca-Cola Co.
KO + 0.10% |
34 |
| Intel Corp.
INTC, + 0.28% |
27 |
| Boeing Co.
BA, + 1.60% |
7 |
| JPMorgan Chase & Co.
JPM, + 0.89% |
-0.64 |
| United Technologies Corp.
UTX, + 0.67% |
-28 |
| General Electric Co.
GE, -0.91% |
-30 |
| Dow Inc.
DOW -0.53% |
-40 |
| Johnson & Johnson
JNJ, -1.48% |
-42 |
| Chevron Corp.
CLC -0.36% |
-48 |
| Exxon Mobil Corp.
XOM, -0.25% |
-72 |
| Walgreens Boots Alliance Inc.
WBA, -0.05% |
-79 |
| DuPont de Nemours Inc.
DWDP, + 0.00% |
-146 |
| International Business Machines Corp.
IBM, + 0.13% |
-194 |
| Caterpillar Inc.
CAT, + 0.59% |
-247 |
| Goldman Sachs Group Inc.
GS + 2.37% |
-323 |
| 3M Co.
MMM, + 1.33% |
-564 |
The three major US stock indexes rallied Thursday, thanks in part to an equity-friendly central bank policy. Federal Reserve Chairman Jerome Powell has presented to Parliament the framework for a drastic reduction in key policy interest rates at a range of 2.25% to 2.2%. Thursday, the S & P 500
SPX, -0.12%
and the Nasdaq composite indices
COMP -0.33%
were trading in record territory.
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