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Powering the Dow
The stock market has fallen in love with hamburgers, hammers and high-tech. Three stocks, McDonald’s, Home Depot and IBM, are at the forefront of the push to record highs. The restaurant chain (67 percent), home improvement chain (109 percent) and technology giant (75 percent) have rocketed in value since the Dow Jones industrial average last peaked on Oct. 9, 2007. “These companies are constantly making sure they’re on the edge of what customers are demanding,” Chris Johnson of JK Investment Group told USA Today.
Fast facts about the Dow
The index of 30 U.S. blue-chip stocks is a barometer (if a narrow one) for the health of the stock market and U.S. economy
Inclusion is reserved for companies with “an excellent reputation, sustained growth and of interest to a large number of investors.”
General Electric Co. is the only original member that remains on the Dow since the index’s start in 1896
A $1 change in a component of the Dow will move the index 7.68 points.
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