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Drivers of the Dow

Posted By Barry Ritholtz On March 6, 2013 @ 12:14 pm In Index/ETFs,Markets | Comments Disabled

click for interactive version
Source: WSJ [2]



Nice graphic and article explaining how only 5 stocks (of 30) in the Dow are the prime drivers of the rally, responsible for one third of the gains.

Before you go Oooh, consider the simple math of this. If every stock contributed equally to the Dow’s rise, than 10 stocks would be worth a third of gains.  But as in typical collections of different items, there is a bell curve, a normal distribution.

Thus, it should come as no surprise that some stocks have contributed much more than others.

Point Contributions:

IBM     941.77
Catepillar 507.56
3M  493.81
Chevron  456.63
United Technologies  413.32

The full distribution of winners is losers are at the article.



Five Stocks Handled the Heavy Lifting [3]
Steve Russolillo
WSJ March 5, 2013


Article printed from The Big Picture: http://www.ritholtz.com/blog

URL to article: http://www.ritholtz.com/blog/2013/03/dow-drivers/

URLs in this post:

[1] Image: http://online.wsj.com/article/SB10001424127887324539404578342723780666726.html?mod=ITP_pageone_0#project%3DDOW30_2013%26articleTabs%3Dinteractive

[2] WSJ: http://online.wsj.com/article/SB10001424127887324539404578342723780666726.html

[3] Five Stocks Handled the Heavy Lifting : http://online.wsj.com/article/SB10001424127887324539404578342771985751896.html

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