Dow's nearly 350-point rally highlighted by gains for shares of American Express, Microsoft

The Dow Jones Industrial Average is rallying Monday morning with shares of American Express and Microsoft delivering strong returns for the price-weighted average. Shares of American Express AXP, +3.15% and Microsoft MSFT, +2.23% have contributed to the blue-chip gauge’s intraday rally, as the Dow DJIA, +1.20% is trading 348 points, or 1.3%, higher. American Express’s shares are up $3.09 (3.0%) while those of Microsoft are up $4.69, or 2.3%, combining for a roughly 51-point boost for the Dow. Also contributing significantly to the gain are Visa V, +2.44%, UnitedHealth UNH, +2.36%, and McDonald’s MCD, +1.64%. A $1 move in any one of the 30 components of the index equates to a 6.58-point swing.

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