Top Dow Contributors Over the Past 10,000 Points: Goldman, Caterpillar, IBM
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The top contributors to the Dow Jones Industrial Average’s ascent from 40000 nearly two years ago to 50000 on Friday came from stocks that benefited from a strong economy and interest rates coming down with inflation. Since the Dow gives more weight to higher priced stocks, the moves of Goldman Sachs (recently trading near $930 a share) have a lot more weight than those of Apple ($275 a share). Here are the top contributors to the Dow’s rise over the past 431 trading days, since it crossed 40000 in May 2024.
📄 Summary
The top contributors to the Dow Jones Industrial Average’s ascent from 40000 nearly two years ago to 50000 on Friday came from stocks that benefited from a strong economy and interest rates coming down with inflation. Since the Dow gives more weight to higher priced stocks, the moves of Goldman Sachs (recently trading near $930 a share) have a lot more weight than those of Apple ($275 a share). Here are the top contributors to the Dow’s rise over the past 431 trading days, since it crossed 40000 in May 2024.