. Through the first half of the year, Goldman, UnitedHealth, and Amgen were among the index's worst performers. The first two are the two highest-weighted stocks in the index.
"The Dow has had a strong start to 2H because some of its highest weighted stocks have started to work much better," DataTrek cofounder Jessica Rabe said."In fact, UnitedHealth and Goldman Sachs have accounted for almost half of the Dow's rally MTD. Additionally, Amgen – the Dow's 8th highest weighting – was the second most detrimental stock to the index in 1H, but its 5th best contributor MTD.
With non-tech names picking up the slack while stocks like Microsoft and Apple — the Dow's only two Big Tech names — have eased, the index generally looks more balanced as it enters the second half of the year. "Ultimately, the Dow's MTD advance shows a healthier capital markets setup for for 2H than 1H with the rally broadening out beyond Big Tech," Rabe said."This trend does, however, need to continue to maintain this important signal of market health."
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Stock market news: Dow notches 13-day win streak, longest since 1987Dow notches longest winning streak since 1987 after latest Fed rate hike
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »
La source: WSJ - 🏆 98. / 63 Lire la suite »
La source: Investingcom - 🏆 450. / 53 Lire la suite »
Stock Market News: Dow heads for longest winning streak since 1897US stocks climb as the Dow heads for longest winning streak in 126 years
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »
Stock market news today: Dow snaps historic win streak amid earningsDow snaps historic win streak as US stocks fall amid more earnings results
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »