With about an hour left in the session, the stocks of Apple Inc. and Boeing Co. can be thanked the most for the Dow Jones Industrial Average’s rally for the first three months of 2017, as they accounted for more than one-third of the Dow’s 918-point gain for the quarter. Apple’s stock rose $27.93, or 24%, during the quarter, to add about 191 points to the Dow, while and Boeing shares climbed $21.50, or 14%, to boost the Dow by 147 points. Rounding out the top 5, 3M Co. added 89 points to the Dow, Home Depot Inc. tacked on 87 points and Visa Inc. added 76 points. The biggest loser was Chevron Corp.’s stock which fell $10.33, or 8.8%, during the quarter to shave 71 points off the Dow. The next-biggest drag was Goldman Sachs Group Inc. shares , which shed $9.67, or 4%, to lower the Dow by 66 points. In all, 23 of the 30 Dow components contributed to the Dow’s gain.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News