Microsoft ( MSFT -0.25%), UnitedHealth Group (NYSE: UNH), and Goldman Sachs Group (NYSE: GS) are the three largest Dow components and all trade at over $460 a share. Together, they make up roughly 24% of the Dow, whereas the average component holds a mere 3.3% weighting.

The Dow Jones Industrial Average (DJIA) climbed on Wednesday, gaining over 400 points and testing above 39,550.00 as equity markets stepped back into a risk-on stance. Rate cut hopes continue to underpin broader market flows,

The Dow Jones Industrial Average is not as widely followed as it used to be but Wall Street money managers still take a glance at

Amazon (NASDAQ: AMZN) joined the Dow Jones Industrial Average in late February -- giving the traditionally stodgy, income-oriented index more exposure to growth. Amazon has continued its torrid run since 2023. As of June 27, it is the best-performing stock in the index.

The Dow Jones Industrial Average (DJIA) rallied in early Monday trading, tapping into a fresh seven-week high of 39,663.30 before a sharp downturn erased the day’s gains. The Dow Jones slid to an intraday low just south of 39,275.00. The major equity index remains down around one-tenth of one percent on Monday.

The Dow has underperformed the S&P 500 and Nasdaq in 2024, rising only 6.4%. Tech and semiconductor stocks have led market gains, while value stocks within the Dow have struggled. Despite a weak start to the earnings season and bank stocks falling,