Home / Business / These are the actions that propelled the gathering of the Dow to 27,000

These are the actions that propelled the gathering of the Dow to 27,000



Traders work the soil of the NYSE.

Brendan McDermid | Reuters

Another day, another important step in the market. The Dow Jones Industrial Average has surpassed 27,000 for the first time in its history on Thursday, just one day after the S & P 500 has passed the 3,000 mark. Here's a look at the actions that led to the last 1,000 points.

It took about a year and a half to index 30 to reach the lap record. On January 17, 2018, the blue chip benchmark exceeded 26,000 shares. Microsoft was the best performer of the index. % during this period. The software giant also reached a market capitalization of $ 1 trillion in April.

Visa ranks second, up almost 48% since the Dow touched the last watermark. Cisco and Nike also recorded gains of over 35% over the same period. Other leaders include Merck, Disney, American Express and Procter & Gamble.

Apple, although climbing more than 28% this year alone, was not the main driver of Dow's trajectory over 27,000. The iPhone maker was the 11th player, gaining 13% over the period. 3M, Walgreens and Caterpillar underperformed the index, down more than 20% since the Dow reached 26,000.

The Dow has risen nearly 16% this year and a rise in health care stocks pushed the index above the 27,000 mark. Shares of the Dow UnitedHealth component rose 5% after The White House announced that it had withdrawn its proposal to eliminate public drug plan rebates, a decisive step in its efforts to reduce prescription drug prices.

– CNBC Christopher Hayes Contributed reports.


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