The Dow components driving the blue-chip stock index to a 27,000 milestone


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, +0.43%









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












DJIA, +0.61%










while Microsoft Corp.












MSFT, +0.21%










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, +0.03%










and the market-capitalization weighted Nasdaq Composite Index












COMP, -0.18%










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, +0.43%










 
390 points
Microsoft Corp.












MSFT, +0.21%










 
324
McDonald’s Corp.












MCD, -0.44%










 
256
Walt Disney Co.












DIS, +0.49%










 
213
American Express Co.












AXP, +0.24%










 
176
Apple Inc.












AAPL, -0.39%










 
164
Nike Inc.












NKE, +0.67%










 
161
Merck & Co. Inc.












MRK, -4.93%










 
154
Procter & Gamble Co.












PG, -0.04%










 
151
Travelers Cos. Inc.












TRV, -1.16%










 
110
Cisco Systems Inc.












CSCO, +0.08%










 
108
Home Depot Inc.












HD, +1.19%










 
74
Walmart Inc.












WMT, +0.40%










 
68
UnitedHealth Group Inc.












UNH, +5.04%










 
63
Pfizer Inc.












PFE, -2.52%










 
47
Verizon Communications Inc.












VZ, -0.25%










 
36
Coca-Cola Co.












KO, +0.22%










 
34
Intel Corp.












INTC, +0.58%










 
27
Boeing Co.












BA, +1.44%










 
7
JPMorgan Chase & Co.












JPM, +1.07%










 
-0.64
United Technologies Corp.












UTX, +0.48%










 
-28
General Electric Co.












GE, -0.64%










 
-30
Dow Inc.












DOW, +0.36%










 
-40
Johnson & Johnson












JNJ, -1.17%










 
-42
Chevron Corp.












CVX, -0.18%










 
-48
Exxon Mobil Corp.












XOM, -0.09%










 
-72
Walgreens Boots Alliance Inc.












WBA, -0.07%










 
-79
DuPont de Nemours Inc.












DWDP, +0.00%










 
-146
International Business Machines Corp.












IBM, +0.36%










 
-194
Caterpillar Inc.












CAT, +0.70%










 
-247
Goldman Sachs Group Inc.












GS, +2.71%










 
-323
3M Co.












MMM, +1.46%










 
-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, +0.03%










and the Nasdaq Composite indexes












COMP, -0.18%










were trading in record territory.



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