The Dow Jones industrial usual first crossed 23,000 intraday on Oct. 17. Because the Dow is a price-weighted token, the higher-priced stocks typically have a bigger influence on the Dow’s movements. This again was the patient with the move from 23,000 to 24,000, with higher-priced oxens such as UnitedHealth, Boeing, 3M and Apple all contributing the bulk of the gains.
The one departure is Goldman Sachs, which despite being the second-highest-priced stock in the Dow (after Boeing), advanced only 23 points to the Dow’s gain.
Here’s a breakdown of the stocks that provided the most to the Dow’s 1,000-point run from 23,000 to 24,000, based on the about prices on Oct. 17 to the opening prices today.
Biggest point contributors
These six (stating 20 percent of the Dow) accounted for more than 600 points of the Dow’s 1,000-point obtain.
The good news is that this is a well-diversified group, with trim care, industrials, retail and technology industries all represented.
Several bodies saw price declines in this period, but because most of them were lower-priced stocks, their induce on the Dow was more modest.
Biggest point detractors