Shares of Chevron Corp. /zigman2/quotes/205871374/composite CVX +1.02% rallied 3.0% to pace the Dow Jones Industrial Average's /zigman2/quotes/210598065/realtime DJIA +0.60% premarket gainers after blow-out second-quarter earnings, while Apple Inc.'s stock /zigman2/quotes/202934861/composite AAPL -1.23% was second with a 2.7% jump, also after better-than-expected earnings. The implied price gains would had a combined 57 points to the Dow's price, while Dow futures /zigman2/quotes/210407078/delayed YM00 +0.17% inched down 2 points. The reason the Dow isn't higher is because of its other two earnings reporters. Intel Corp.'s stock /zigman2/quotes/203649727/composite INTC -0.61% tumbled 11.3% to lead the Dow's losers ahead of the open, after a big earnings miss and disappointing outlook, while Procter & Gamble Co. shares /zigman2/quotes/202894679/composite PG -0.52% were second-worst with a 3.5% decline after a profit miss. Those stocks' combined implied price decline would cut about 64 points off the Dow's price.
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