Boeing is responsible for nearly 30% of the Dow Jones Industrial Average's year-to-date gain. It is the highest-weighted company in the index.
of the index's 2,807-point gain so far this year. Without Boeing's contribution, the index would be up about 8% YTD.The index's outsized gain is driven by Boeing having the heaviest weighting, 11.4%, among the Dow's 30 stocks. The Dow is a price-weighted index, meaning the company with the highest share price, Boeing, has the heaviest weighting. Boeing's stock price is the highest in the index and the only one over $400.
Unlike the Dow, the S&P 500 is weighted by market cap, meaning Microsoft the heaviest weighting. By comparison, Boeing commands the 15th biggest weighting of S&P 500 names. . The second-highest contributor to the Dow is Goldman Sachs, responsible for about 8% of the YTD gain. Boeing shares were trading near all-time highs thanks to strong fundamentals and solid earnings growth based onOn January 30, Boeing reporting strong quarterly results, with
. The company forecase full-year 2019 earnings of between $19.90 and $20.10 a share, well ahead of Wall Street expectations.
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