The Dow’s 21,000 rally was powered by Apple’s 15% rally since Jan. 25

By Mark DeCambre, MarketWatch

Bloomberg News/Landov

The Apple Inc. logo is displayed outside of the Moscone Center before the start of the Apple World Wide Developers Conference (WWDC) in San Francisco, California, U.S., on Monday, June 8, 2015. Apple Inc., the maker of iPhones and iPads, will introduce software improvements for its computer and mobile devices as well as reveal new updates, including the introduction of a revamped streaming music service. Photographer: Michael Short/Bloomberg

Investors in blue-chip stocks can thank Tim Cook in part for Dow 21,000.

That is because gains in shares of Apple Inc.—the world’s largest company by market capitalization—over the past 24 trading days have been the biggest contributor to the blue-chip benchmark’s 1,000-point rally to Dow 21,000, according to Dow Jones Data Group.

Check out : Dow matches fastest 1,000-point march to a milestone in history

Apple’s nearly 15% rise since the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +1.35% first hit 20,000 on Jan. 25 has contributed about 123 points to the Dow’s rally to the milestone. That makes the Cupertino, Calif.-based iPhone maker, which has enjoyed a renaissance on the back of better-than-expected quarterly results and renewed enthusiasm over iPhone 8, the Dow’s largest driver. Coming in second was industrial component Boeing Co. /zigman2/quotes/208579720/composite BA +8.12% , which added 113 points over the past three weeks for a 10% gain.

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Because the Dow is a price-weighted average, rather than a market-value weighted gauge like the S&P 500 index /zigman2/quotes/210599714/realtime SPX +1.14% , price moves in the Dow’s 30 components influence the equity benchmark rather than the weighted-average percentage changes of the S&P 500’s members.

That price-weighting came into play when the Dow’s surge to 20,000 in January was led by a surge in shares of Goldman Sachs Group Inc. /zigman2/quotes/209237603/composite GS +3.58% , which is trading at around $253 and has a market cap of about $99 billion, compared with Apple’s shares at around $139 and a market cap of nearly $720 billion, as of Wednesday trade.

En route to 21,000, Apple was the largest point and percentage contributor, while Goldman added 104 points for a roughly 6.5% rise over that period. Here are some of the other contributors to the Dow’s record-setting rally.

/zigman2/quotes/210598065/realtime

Add to watchlist DJIA

Dow Jones Industrial Average

US : Dow Jones Global

31,961.86

+424.51 +1.35%

Volume: 413.35M

Feb. 24, 2021 5:20p

/zigman2/quotes/208579720/composite

Add to watchlist BA

Boeing Co.

US : U.S.: NYSE

$ 229.34

+17.22 +8.12%

Volume: 30.71M

Feb. 24, 2021 4:00p

P/E Ratio

N/A

Dividend Yield

0.00%

Market Cap

$123.67 billion

Rev. per Employee

$412,489

/zigman2/quotes/210599714/realtime

Add to watchlist SPX

S&P 500 Index

US : S&P US

3,925.43

+44.06 +1.14%

Volume: 2.78B

Feb. 24, 2021 5:20p

/zigman2/quotes/209237603/composite

Add to watchlist GS

Goldman Sachs Group Inc.

US : U.S.: NYSE

$ 330.64

+11.43 +3.58%

Volume: 3.93M

Feb. 24, 2021 4:00p

P/E Ratio

13.37

Dividend Yield

1.51%

Market Cap

$109.83 billion

Rev. per Employee

$1.31M

/zigman2/quotes/202934861/composite

Add to watchlist AAPL

Apple Inc.

US : U.S.: Nasdaq

$ 125.35

-0.51 -0.41%

Volume: 111.04M

Feb. 24, 2021 4:00p

P/E Ratio

33.89

Dividend Yield

0.65%

Market Cap

$2112.95 billion

Rev. per Employee

$1.86M

/zigman2/quotes/208579720/composite

Add to watchlist BA

Boeing Co.

US : U.S.: NYSE

$ 229.34

+17.22 +8.12%

Volume: 30.71M

Feb. 24, 2021 4:00p

P/E Ratio

N/A

Dividend Yield

0.00%

Market Cap

$123.67 billion

Rev. per Employee

$412,489

/zigman2/quotes/209237603/composite

Add to watchlist GS

Goldman Sachs Group Inc.

US : U.S.: NYSE

$ 330.64

+11.43 +3.58%

Volume: 3.93M

Feb. 24, 2021 4:00p

P/E Ratio

13.37

Dividend Yield

1.51%

Market Cap

$109.83 billion

Rev. per Employee

$1.31M

/zigman2/quotes/205029460/composite

Add to watchlist MMM

3M Co.

US : U.S.: NYSE

$ 177.63

+1.46 +0.83%

Volume: 2.74M

Feb. 24, 2021 4:02p

P/E Ratio

19.21

Dividend Yield

3.33%

Market Cap

$102.02 billion

Rev. per Employee

$338,825

/zigman2/quotes/201724570/composite

Add to watchlist JNJ

Johnson & Johnson

US : U.S.: NYSE

$ 162.59

+2.15 +1.34%

Volume: 10.29M

Feb. 24, 2021 4:00p

P/E Ratio

29.49

Dividend Yield

2.48%

Market Cap

$421.75 billion

Rev. per Employee

$613,918

/zigman2/quotes/208081807/composite

Add to watchlist HD

Home Depot Inc.

US : U.S.: NYSE

$ 259.97

-7.27 -2.72%

Volume: 14.51M

Feb. 24, 2021 4:00p

P/E Ratio

21.77

Dividend Yield

2.54%

Market Cap

$287.71 billion

Rev. per Employee

N/A

/zigman2/quotes/205971034/composite

Add to watchlist JPM

JPMorgan Chase & Co.

US : U.S.: NYSE

$ 153.26

+2.65 +1.76%

Volume: 15.06M

Feb. 24, 2021 4:00p

P/E Ratio

17.24

Dividend Yield

2.35%

Market Cap

$459.09 billion

Rev. per Employee

N/A

/zigman2/quotes/206313935/composite

Add to watchlist TRV

Travelers Cos. Inc.

US : U.S.: NYSE

$ 150.96

+1.63 +1.09%

Volume: 1.48M

Feb. 24, 2021 4:00p

P/E Ratio

14.33

Dividend Yield

2.25%

Market Cap

$37.66 billion

Rev. per Employee

$1.04M

/zigman2/quotes/203508018/composite

Add to watchlist MCD

McDonald's Corp.

US : U.S.: NYSE

$ 213.27

+1.95 +0.92%

Volume: 2.89M

Feb. 24, 2021 4:00p

P/E Ratio

33.83

Dividend Yield

2.42%

Market Cap

$157.55 billion

Rev. per Employee

N/A

/zigman2/quotes/210453738/composite

Add to watchlist UNH

UnitedHealth Group Inc.

US : U.S.: NYSE

$ 332.21

+2.70 +0.82%

Volume: 3.36M

Feb. 24, 2021 4:00p

P/E Ratio

20.73

Dividend Yield

1.51%

Market Cap

$312.65 billion

Rev. per Employee

N/A

/zigman2/quotes/209956077/composite

Add to watchlist MRK

Merck & Co. Inc.

US : U.S.: NYSE

$ 74.57

+0.03 +0.04%

Volume: 9.39M

Feb. 24, 2021 4:02p

P/E Ratio

26.80

Dividend Yield

3.49%

Market Cap

$188.59 billion

Rev. per Employee

N/A

/zigman2/quotes/209509471/composite

Add to watchlist CSCO

Cisco Systems Inc.

US : U.S.: Nasdaq

$ 45.74

+0.23 +0.51%

Volume: 17.82M

Feb. 24, 2021 4:00p

P/E Ratio

19.15

Dividend Yield

3.24%

Market Cap

$192.13 billion

Rev. per Employee

$636,155

/zigman2/quotes/203856914/composite

Add to watchlist IBM

International Business Machines Corp.

US : U.S.: NYSE

$ 123.21

+2.50 +2.07%

Volume: 5.82M

Feb. 24, 2021 4:00p

P/E Ratio

19.76

Dividend Yield

5.29%

Market Cap

$107.56 billion

Rev. per Employee

$196,163

/zigman2/quotes/202877789/composite

Add to watchlist PFE

Pfizer Inc.

US : U.S.: NYSE

$ 33.75

-0.16 -0.47%

Volume: 30.69M

Feb. 24, 2021 4:02p

P/E Ratio

19.79

Dividend Yield

4.62%

Market Cap

$188.49 billion

Rev. per Employee

N/A

/zigman2/quotes/203606582/composite

Add to watchlist DD

DuPont de Nemours Inc.

US : U.S.: NYSE

$ 71.68

+2.99 +4.35%

Volume: 6.80M

Feb. 24, 2021 4:04p

P/E Ratio

N/A

Dividend Yield

1.67%

Market Cap

$36.96 billion

Rev. per Employee

$599,912

/zigman2/quotes/203410047/composite

Add to watchlist DIS

Walt Disney Co.

US : U.S.: NYSE

$ 197.51

+0.42 +0.21%

Volume: 16.21M

Feb. 24, 2021 4:03p

P/E Ratio

N/A

Dividend Yield

0.00%

Market Cap

$357.77 billion

Rev. per Employee

$320,813

/zigman2/quotes/207732364/composite

Add to watchlist MSFT

Microsoft Corp.

US : U.S.: Nasdaq

$ 234.55

+1.28 +0.55%

Volume: 26.34M

Feb. 24, 2021 4:00p

P/E Ratio

34.93

Dividend Yield

0.96%

Market Cap

$1759.37 billion

Rev. per Employee

$877,393

/zigman2/quotes/203434128/composite

Add to watchlist CAT

Caterpillar Inc.

US : U.S.: NYSE

$ 222.47

+2.29 +1.04%

Volume: 4.93M

Feb. 24, 2021 4:00p

P/E Ratio

40.71

Dividend Yield

1.85%

Market Cap

$120.07 billion

Rev. per Employee

$429,044

/zigman2/quotes/209159848/composite

Add to watchlist KO

Coca-Cola Co.

US : U.S.: NYSE

$ 50.71

+0.17 +0.34%

Volume: 14.44M

Feb. 24, 2021 4:00p

P/E Ratio

28.30

Dividend Yield

3.31%

Market Cap

$217.42 billion

Rev. per Employee

N/A

/zigman2/quotes/204980236/composite

Add to watchlist VZ

Verizon Communications Inc.

US : U.S.: NYSE

$ 57.12

+0.09 +0.16%

Volume: 17.14M

Feb. 24, 2021 4:00p

P/E Ratio

13.29

Dividend Yield

4.39%

Market Cap

$236.00 billion

Rev. per Employee

N/A

/zigman2/quotes/208495069/composite

Add to watchlist GE

General Electric Co.

US : U.S.: NYSE

$ 13.12

+0.53 +4.21%

Volume: 106.79M

Feb. 24, 2021 4:00p

P/E Ratio

22.59

Dividend Yield

0.30%

Market Cap

$110.39 billion

Rev. per Employee

$459,155

/zigman2/quotes/203649727/composite

Add to watchlist INTC

Intel Corp.

US : U.S.: Nasdaq

$ 63.19

+2.07 +3.39%

Volume: 24.67M

Feb. 24, 2021 4:00p

P/E Ratio

12.79

Dividend Yield

2.20%

Market Cap

$248.27 billion

Rev. per Employee

$704,042

/zigman2/quotes/204455864/composite

Add to watchlist XOM

Exxon Mobil Corp.

US : U.S.: NYSE

$ 56.70

+1.65 +3.00%

Volume: 28.73M

Feb. 24, 2021 4:02p

P/E Ratio

N/A

Dividend Yield

6.14%

Market Cap

$233.03 billion

Rev. per Employee

N/A

/zigman2/quotes/205871374/composite

Add to watchlist CVX

Chevron Corp.

US : U.S.: NYSE

$ 103.31

+3.68 +3.69%

Volume: 16.12M

Feb. 24, 2021 4:03p

P/E Ratio

N/A

Dividend Yield

4.99%

Market Cap

$191.79 billion

Rev. per Employee

N/A