Business Insider: “The Dow’s rally is broadening as first-half laggards catch up”
By datatrekresearch in IN THE NEWS
Excerpt from Business Insider quoting DataTrek co-founder Jessica Rabe:
...."Six names have made up 98% of its advance since June, according to DataTrek: Goldman Sachs, UnitedHealth, Boeing, Home Depot, Amgen, and Salesforce. Through the first half of the year, Goldman, UnitedHealth, and Amgen were among the index's worst performers. The first two are the two highest-weighted stocks in the index.
"The Dow has had a strong start to 2H because some of its highest weighted stocks have started to work much better," DataTrek cofounder Jessica Rabe said. "In fact, UnitedHealth and Goldman Sachs have accounted for almost half (44 pct) of the Dow's rally MTD. Additionally, Amgen – the Dow's 8th highest weighting – was the second most detrimental stock to the index in 1H, but its 5th best contributor MTD"....
Full article here on Business Insider.
