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, +0.51%
The credit-card giant has rung up rich gains over the past 17 months, contributing some 390 points to the price-weighted Dow DJIA, +0.56% while Microsoft Corp. MSFT, +0.32% 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, climbing 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, -0.17% 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, +0.51% 390 points Microsoft Corp. MSFT, +0.32% 324 McDonald’s Corp. MCD, -0.23% 256 Walt Disney Co. DIS, +0.56% 213 American Express Co. AXP, +0.26% 176 Apple Inc. AAPL, -0.20% 164 Nike Inc. NKE,