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.

Leave a Reply

Your email address will not be published. Required fields are marked *