DOW Reaches 20,000

January 26th 2017

Gillian Tan, writing for Bloomberg after the Dow Jones Industrial Average achieved a new high of 20,000 yesterday, noted the following interesting fact: Goldman Sachs (NYSE: GS) has accounted for almost 20% of the Dow's advance since the US presidential election. GS shares have risen 30% since the election.

The Dow Jones Industrial Average, which consists of just 30 firms, has seen its leading stocks fluctuate since the start of 2017. The following is a list of the top five year-to-date winners compared to the top five winners after the election. There is a commonality among these firms in that they are all global players with a lot riding on the outcome of the negotiations over US trade policy.

Since US Presidential Election Since January 1, 2017*
Goldman Sachs: +30.1% Boeing: +8.1%
JP Morgan: +22.6% IBM: +7.3%
Boeing: +17.4% Visa: +7.0%
Caterpillar: +17.0% Dupont: +6.1%
Disney: +14.7% Nike: +5.7%

*Through Jan. 26, 2017

Source: Bloomberg.com and money.cnn.com

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