One stock is responsible for a big chunk of the Dow's gains this year

of the index's 2,807-point gain so far this year. Without Boeing's contribution, the index would be up about 8% YTD.The index's outsized gain is driven by Boeing having the heaviest weighting, 11.4%, among the Dow's 30 stocks. The Dow is a price-weighted index, meaning the company with the highest share price, Boeing, has the heaviest weighting. Boeing's stock price is the highest in the index and the only one over $400.

Unlike the Dow, the S&P 500 is weighted by market cap, meaning Microsoft the heaviest weighting. By comparison, Boeing commands the 15th biggest weighting of S&P 500 names. . The second-highest contributor to the Dow is Goldman Sachs, responsible for about 8% of the YTD gain. Boeing shares were trading near all-time highs thanks to strong fundamentals and solid earnings growth based onOn January 30, Boeing reporting strong quarterly results, with

. The company forecase full-year 2019 earnings of between $19.90 and $20.10 a share, well ahead of Wall Street expectations.

Big Chunk..

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Boeing could bring the Dow industrials to a hard landingAerospace giant is arguably the U.S. market’s most dangerous stock, and puts the Dow Jones Industrial Average at risk, writes Sven Henrich. NorthmanTrader Playing catch up? I've been saying that the last 2 weeks..... NorthmanTrader What about Apple or Amazon? NorthmanTrader There was no need for this opinion, if the fundamentals are good and consistent for long time with huge backlog what was the reason for this just before market open, do more good to the world than bad!
Source: MarketWatch - 🏆 3. / 97 Read more »

Lyft is using a controversial new stock structure in its IPO that will let its founders keep 'significant control' of the companyOne share for one vote is no longer the case among tech unicorns who go public.
Source: BusinessInsider - 🏆 729. / 51 Read more »