August 18, 2022

Cisco, Chevron share gains contribute to Dow's nearly 50-point jump

The Dow Jones Industrial Average is trading up Thursday afternoon with shares of Cisco and Chevron seeing positive momentum for the price-weighted average. The Dow
DJIA,
+0.06%
is trading 40 points (0.1%) higher, as shares of Cisco
CSCO,
+5.81%
and Chevron
CVX,
+1.79%
have contributed to the index’s intraday rally. Cisco’s shares have gained $2.86 (6.1%) while those of Chevron are up $2.70 (1.7%), combining for a roughly 37-point boost for the Dow. Intel
INTC,
+1.17%,
Dow Inc.
DOW,
+1.06%,
and Boeing
BA,
+0.89%
are also contributing significantly to the gain. A $1 move in any one of the 30 components of the Dow equates to a 6.59-point swing.

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