Change in Dow Components

Wednesday, September 27, 2006 | 12:21 PM

Mike Panzner on the Net change in the constituent members of the Dow from the January 14, 2000 record close through earlier today...

Dow Components

Eastman Kodak      -62.22% [No longer in Dow]
General Motors      -60.74%
Intel   Corp      -60.18%
Microsoft   Corp      -51.27%
Home   Depot Inc      -41.21%
Merck   & Co      -39.47%
Intl   Paper Co      -38.47% [No longer in Dow]
Du   Pont      -36.06%
Honeywell   Intl      -31.31%
IBM      -31.19%
Alcoa   Inc      -30.83%
General   Electric      -29.46%
Coca-Cola   Co      -26.62%
Wal-Mart   Stores      -23.24%
AT&T   Inc      -21.05%
Hewlett-Packard      -18.83%
Disney   (Walt) Co      -7.43%
McDonalds   Corp      -6.35%
JPMorgan   Chase      -4.43%
Dow   Jones Indus. Avg -0.12%
Procter   & Gamble      7.72%
American   Express      19.73%
Citigroup   Inc      24.22%
Johnson&Johnson      38.18%
3M   Co      50.67%
Exxon   Mobil Corp      59.09%
Boeing   Co      80.93%
United   Tech Corp      98.52%
Caterpillar   Inc      153.77%
Altria   Group Inc      220.83%
SBC Communication [Now part of AT&T]


What's amazing is that 20 of the 30 Dow Components are off their highs, and that so many of the them are WAY OFF their 2006 highs. Of the 20 Dow components that are below their 2000 peaks, 14 of those 20 off by more than 25%.

That is the nature of a price weighted index . . .


UPDATE:  October 27, 2006 11:10am

Attention Slate readers:  Be sure to also see our comparisons between the Dow vs Money Market since the market peak. You may be surprised to learn that since January 2000, cash (yes, cash) has outperformed the Dow.

Wednesday, September 27, 2006 | 12:21 PM | Permalink | Comments (16) | TrackBack (3) add to | digg digg this! | technorati add to technorati | email email this post



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» Unimpressive from Bear Mountain Bull
Note to CNBC: As youre trying to cheer the Dow on to a new record close, you should probably drop that banner that says: Only 10 of the Dow 30 higher since last record high. It doesnt look good. Update: At The Big Picture,... [Read More]

Tracked on Sep 27, 2006 12:52:43 PM

» Contributors for the Dow's Recent Rise: Since January 14, 2000 from John Mugarian Investor Alert
I just received this e-mail from Barry Rritholtz at The Big Picture ( web log. Barry said; "We took apart the Dow yesterday -- see this": Click here to see the change in the Dow components: The Big Picture Thank... [Read More]

Tracked on Sep 28, 2006 3:04:52 PM

» Dow components compared to all-time high from Kimmunications
I am on a plane, en route from Dallas to Atlanta. CNN was reporting the Dow was within just a few points and inching closer to its all-time high as I was getting on the plane. By now, it may [Read More]

Tracked on Oct 1, 2006 12:03:13 PM


How would one begin to factor in inflation, or relative strength of the dollar into these numbers?

Posted by: Paul Jones | Sep 27, 2006 12:58:34 PM

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