Dow's Trip Toward 22,000 Brought to You by Boeing, Visa Earnings
- The two stocks contributed half the gauge’s third-quarter gain
- Advance building on longest run of quarterly gains since 1997
A Boeing Co. 787 Max 10 aircraft stands on the tarmac ahead of the 53rd International Paris Air Show at Le Bourget, in Paris, France, on Sunday, June 18, 2017. The show is the world's largest aviation and space industry exhibition and runs from June 19-25.
Photographer: Marlene Awaad/BloombergThe Dow Jones Industrial Average’s latest rally toward a round-number milestone is being fueled by a series of earnings-fomented share ignitions at companies from Boeing Co. to Visa Inc.
Helped by the index’s old-fashioned methodology that apportions greater weight to higher-priced stocks, those two companies alone accounted for more than half of the Dow’s 614-point jump since the start of July. UnitedHealth Group Inc., Caterpillar Inc., and Chevron Corp. rounded out the top five, contributing an additional 135 points.