The Dow's 10-straight day rally keeps making history — it hasn't done this since 2017. And investors can thank a select group of stocks for most of the gains.
Eleven stocks in the Dow Jones Industrial Average, including Goldman Sachs, UnitedHealth Group and Salesforce.com, are up 5% or more over the past 10 trading days, says an Investor's Business Daily analysis of data from S&P Global Market Intelligence and MarketSmith. The Dow itself is up 4.4% over the period. Interestingly, neither of the megacap tech stocks, Apple and Microsoft, are the top contributors.
It's an impressive rally. The Dow hasn't risen 10-straight days since August 7, 2017, says Dow Jones. And the 1492.81 point gain, or 4.4%, is the biggest 10-day point gain since Nov. 23, 2022 and largest 10-day percent gain since April 5, 2023.
Top Percentage Dow Gainers Past 10 Days
| Company | Ticker | 10-day % ch. | Sector |
|---|---|---|---|
| Goldman Sachs | 11.8% | Financials | |
| UnitedHealth | 9.9% | Health Care | |
| Salesforce | 8.8% | Information Technology | |
| JPMorgan Chase | 7.5% | Financials | |
| Amgen | 7.5% | Health Care | |
| Johnson & Johnson | 7.2% | Health Care | |
| 3M | 7.0% | Industrials | |
| Intel | 6.7% | Information Technology | |
| Home Depot | 5.9% | Consumer Discretionary | |
| International Business Machines | 5.2% | Information Technology | |
| Caterpillar | 5.2% | Industrials |
Source: S&P Global Market Intelligence, MarketSmith
But the Dow, unlike other popular market measures like the S&P 500, uses a dollar weighted methodology. With this methodology, stocks with the highest per-share prices hold the most sway in the index.
And looking at the 10-day rally this way, five stocks accounted for 100 Dow points or more of the measure's roughly 1,600-point gain in that time. UnitedHealth is the top contributor, single-handedly adding 300 Dow points. That's followed by Goldman, which itself added 244 Dow Jones.
Top Dow Point Gainers Past 10 Days
| Company | Ticker | Dow points added | Sector |
|---|---|---|---|
| UnitedHealth | 30.01 | Health Care | |
| Goldman Sachs | 244.1 | Financials | |
| Salesforce | 121.5 | Information Technology | |
| Home Depot | 117.7 | Consumer Discretionary | |
| Amgen | 107.4 | Health Care |
