Dow's New All-Time-High: DIA Outperforms SPY In November — This Component Stock Is Up Over 90% YTD

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Zinger Key Points
  • The Dow Jones Industrial Average hit an ATH of 36,264.85 on Dec. 1, with the DIA ETF reflecting a strong 10% YTD increase.
  • Key component stocks, including Salesforce, Intel, Microsoft contributed significantly to the Dow's record-breaking performance.
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The Dow Jones Industrial Average Index, popularly known as ‘the Dow‘ or ‘DJIA‘, recorded a new all-time-high on Dec. 1. The index hit a High of 36,264.85 during trading on the day, and closed the day at 36,245.50. 36,264.85 marks a new all-time-high level in the index’s history.

A popular exchange-traded fund that tracks the index closely is the SPDR Dow Jones Industrial Average ETF DIA. The ETF has is up 9.6% year-to-date (YTD).

We looked at the components of the DJIA, to see which components provided the extra boost. Here’s what we found:

On a YTD basis, as of Dec. 1 close, five component stocks with the highest price-performance were:

  • Salesforce Inc CRM stock: +92.32%
  • Intel Corp INTC stock: +61.73%
  • Microsoft Corp MSFT stock: +54.07%
  • Apple Inc AAPL stock: +46.79%
  • Visa Inc V stock: +22.54%

Salesforce stock is up 29.40% over the past month alone. Triggers for the stock’ stellar performance include its recently reported stellar results and strong guidance.

Related: Salesforce Delivered Stellar Results And Unveiled Transforming AI Partnership With Amazon

The benchmark S&P 500 index-tracking SPDR S&P 500 ETF SPY and has long been outperforming the DIA ETF. However, the market show a different picture over the past 5 days. The DIA is up 2.70% versus the SPY at 1.01%. On Nov. 28, the DIA overtook the SPY.

Over the past month, DIA returns stand at 9.10% versus SPY at 8.60%.

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