Top 30 companies of the US in the Dow Jones index 2021

The Dow Jones Industrial Average (DJIA), Dow Jones, or simply the Dow, is a stock market index that measures the stock performance of 30 large companies listed on stock exchanges in the United States.

The index is frequently reassessed with the aim of replacing companies that no longer meet the listing criteria with those that do. By 1928, the Index had grown to its current level of 30 components. Since then, its roster has changed a total of 60 times. The first change came just three months after the launch of the 30-component index. During the first few years, more or less up to the Great Depression, many changes took place in its elements. The first large-scale shift occurred in 1932, when eight Dow stocks were replaced.

Dow Jones Industrial Average
  • The index was created by Charles Dow in 1896 to serve as a proxy for the broader U.S. economy
  • The DJIA is a price-weighted index that tracks 30 large, publicly-owned companies trading on the New York Stock Exchange and the NASDAQ.
  • The Dow Jones Industrial Average (DJIA) is a widely-watched benchmark index in the U.S. for blue-chip stocks.

The last large-scale change to the Dow roster before 2020 was in 1997. During this time, four components of the index were replaced: Travelers’ Group replaced Westinghouse Electric; Johnson & Johnson replaced Bethlehem Steel; Hewlett-Packard took over from Texaco; and Wal-Mart replaced Woolworths. Two years later, in 1999, four more Dow components were changed when Chevron, Sears Roebuck, Union Carbide, and Goodyear Tire were dropped while Home Depot, Intel, Microsoft, and SBC Communications were added.

The most recent changes to the composition of companies on the Index occurred on June 26, 2018, when Walgreens Boots Alliance, Inc. replaced the General Electric Company. In addition, United Technologies merged with the Raytheon Company, and the new corporation entered the index when Raytheon Technologies and DowDuPont split off from DuPont and were replaced by the Dow Chemical Company in 2020 and 2019 respectively. On August 24, 2020, Salesforce, Amgen and Honeywell were added to Dow, replacing ExxonMobil, Pfizer, and Raytheon Technologies.

The thirty companies included in the Dow Jones Industrial Average are listed below:


1. Apple Inc. (AAPL)

The company was founded by Steven Paul Jobs, Ronald Gerald Wayne and Stephen G. Wozniak on April 1, 1976 and is headquartered in Cupertino, California. Currently, the company is engaged in the design, manufacture and sale of smartphones, personal computers, tablets, wearables and accessories and other various related services. Its products and services include iPhone, Mac, iPad, AirPods, Apple TV, Apple Watch, Beats products, AppleCare, iCloud, digital content stores, streaming and licensing services. The number of Apple Inc employees is 137,000.

Market Capitalization: 2167.96B

2. Microsoft Corp. (MSFT)

The company was founded by Paul Gardner Allen and William Henry Gates III in 1975 and is headquartered in Redmond, Washington. Microsoft Corp. is involved in the development and operation of software, services, devices and solutions. The company offers operating systems; productivity applications on various devices; server applications; business solution applications; desktop and server management tools; software development tools; Video games; personal computers, tablets; game and entertainment consoles; other smart devices; and related accessories. The number of Microsoft Corp. employees is 144,000.

Market Capitalisation: $1631.42B

3. Visa Inc. (VISA)

Visa Inc is an American company and membership organization dealing with the issuance of payment cards, founded in 1958 under the name BankAmericard. The name “Visa” was coined by Dee Hock – the founder of the corporation. He believed that the word was universally recognized in many languages, and thus would facilitate the acceptance of the card. The current expanded name of the corporation has become a recursive acronym. Visa facilitates electronic money transfers around the world, most often via Visa credit cards, debit cards and prepaid cards. The number of Visa Inc employees is above 19,500 people.

Market Capitalization: $497.17B

4. Walmart Inc. (WMT)

An American multinational retail corporation that runs a chain of hypermarkets, discounters and grocery stores. The company offers a range of goods and services at low prices. The company was founded in 1945 by Samuel Moor Walton and James Lawrenc Walton and is headquartered in Bentonville, Arkansas.

Market capitalization $413.05B

5. Johnson & Johnson (JNJ)

Holding company engaged in the research and development, production and sale of healthcare products. The company was founded by Robert Wood Johnson and James Wood Johnson in 1886.

It works in several areas: consumer, pharmaceutical and medical. Consumer activities include products from the market of baby care products, beauty products, OTC drugs, and women’s health. The medical area offers products used in orthopedics, surgery, ophthalmology, and cardiovascular diseases. On the other hand, the pharmaceutical area focuses on therapeutic products in issues such as immunology, oncology, metabolism, and infectious diseases.

Market capitalization $404.89B

6. JPMorgan Chase & Co. (JPM)

JP Morgan Chase & Co is a US multinational investment bank and financial services company headquartered in New York City. The company was founded in 2000 and except for being the largest bank in the United States, it also has the third largest hedge fund in the world. JP Morgan Chase & Co mainly deals with asset management, wealth management, investment and consumer banking.  

Market capitalization: $433,5B

7. The Procter & Gamble Co. (PG)

An American corporation based in Cincinnati, Ohio. It was founded in 1837 by William Procter and James Gamble. The company specializes in a wide range of personal health, consumer health, and personal care and care products.

Market capitalization $340.84B

8. UnitedHealth Group Inc. (UNH)

UnitedHealth Group Incorporated is a US for-profit healthcare company headquartered in Minnetonka, Minnesota. Offers health products and insurance services. It is the largest medical company in the world by revenue. In 1977, the United HealthCare Corporation was created to reorganize the company and became the parent company of Charter Med.

Market capitalization: $323.52B

9. Home Depot Inc. (HD)

The company sells building materials and DIY products. It also offers installation services and rental of equipment and tools. The company was founded in 1978 by Bernard Marcus, Arthur M. Blank, Kenneth Gerald Langone and Pat Farrah. It is based in Atlanta, Georgia.

Market capitalization: $291.45B

10. WaltDisney Co. (DIS)

Walt Disney Co. is a diversified international entertainment and media company for the whole family. Walt Disney was founded by Walter Elias Disney on October 16, 1923 and is headquartered in Burbank, California.

Market capitalization: $275.55B

11. Verizon Communications (VZ)

The company was founded in 1983 and is headquartered in New York, New York. This holding company is dedicated to providing communications, information and entertainment products and services to consumers, businesses and government agencies. It operates through the Verizon Business Group (business) and Verizon Consumer Group (consumer) segments. The business segment offers wireless and wired communication services and products; video and data services; corporate network solutions; Security and managed network services; local and long distance voice services; and network access to deliver various Internet of Things (IoT) services and products. The consumer segment provides customer-oriented wireless and wired communication services and products.

Market capitalization: $250.85B

12. Coca-Cola Company (KO)

The company was founded by Asa Griggs Candler in 1886 and is headquartered in Atlanta, Georgia. The company is engaged in the production, marketing and sale of non-alcoholic beverages. Including carbonated soft drinks, water, fortified water and sports drinks, juices, dairy and plant-based drinks, tea and coffee, and energy drinks.

Market capitalization: $224.96B

13. Nike Inc. (NKE) 

The company was founded in 1964 by William Jay Bowerman and Philip H. Knight. It is based in Beaverton, Oregon. It deals with the design, development, marketing and sale of sports shoes, apparel, accessories, equipment and services.

Market capitalization: $215.77B

14. Salesforce.com Inc. (CRM)

Salesforce.com Inc. is involved in the design and development of cloud-based enterprise software for customer relationship management. The company was founded by Marc Russell Benioff, Parker Harris, David Moellenhoff and Frank Dominguez in February 1999 and is headquartered in San Francisco, California. Its solutions include the Salesforce platform, marketing automation, sales force automation, customer service and support, industry solutions, digital commerce, community management.
 
Market capitalization: $208.57

15. Intel Corporation (INTC)

Intel Corp. deals with the design, production and sale of computer products and technologies. The company was founded by Robert Norton Noyce and Gordon Earle Moore on July 18, 1968 and is headquartered in Santa Clara, California. Provides computer, network, data storage and communication platforms. The number of Intel Corp. employees: 110,800.

Market capitalization: $202.75B

Blue and Yellow Graph on Stock Market Monitor

16. Merck & Co Inc. (MRK)

The company was founded in 1891 and is headquartered in Kenilworth, New Jersey. It is dedicated to providing health products through its prescription lakes, biological therapies, vaccines, animal health and consumer products.

Market capitalization: $201.34B

17. Cisco Systems Inc. (CSCO)

Cisco Systems, Inc. deals with the design, production and sale of internet protocol-based network products and services related to the communication and IT industry. The company was founded by Sandra Lerner and Leonard Bosack on December 10, 1984 and is headquartered in San Jose, California. The number of Cisco System employees stands for 75,900 people.

Market capitalization: $187.05B

18. Chevron Corporation (CVX)

American multinational energy corporation. It deals with every aspect related to crude oil and natural gas (including hydrocarbon exploration and production), refining, marketing and transportation, production and sale of chemicals and power generation. One of Standard Oil’s successors, it is based in San Ramon, California.

Market capitalization: $169.48B

19. McDonald’s Corp. (MCD)

The company was founded by Raymond Albert Kroc on April 15, 1955 and is headquartered in Oak Brook, Illinois.

McDonald’s runs restaurants and rents them out as a franchise. Works internationally. The company’s products include a fast-food kitchen along with drinks, desserts and ice cream.

Market capitalization: $160.48B

20. Honeywall International (HON)

is an American multinational conglomerate listed on the stock exchange. It mainly operates in four business areas: Aerospace, Building Technologies, High Performance Materials and Technologies (PMT), and Safety and Productivity Solutions (SPS). The company was founded in 1906 by Mark Charles Honeywell and is based in Charlotte, North Carolina.

Honeywell was a component of the Dow Jones Industrial Average index from 1999 to 2008. Prior to 1999, its corporate predecessors were included dating back to 1925, including early entrants in the computing and thermostat industries.

In 2020, Honeywell rejoined the Dow Jones Industrial Average index.

Market capitalization: $145.48B

21. Amgen Inc. (AMGN)

Amgen, Inc. is a biotechnology company that discovers, develops, produces and markets medicines for humans. The company was founded by William K. Bowes Jr., Franklin Pitcher Johnson Jr., George B. Rathmann and Joseph Rubinfeld on April 8, 1980 and is headquartered in Thousand Oaks, California.

Market capitalization: $133.46B

22. Boeing Co. (BA)

The company was founded by William Edward Boeing on July 15, 1916 and is headquartered in Chicago, Illinois. An aviation company that produces commercial jets and defense, space and security systems.

Market capitalization: $126.26B

White Passenger Plane Flying over the City during Sunset

23. International Business Machines Corporation (IBM)

International Business Machines Corp. is an IT company that provides integrated solutions using information technologies and knowledge of business processes. The company was founded by Charles Ranlett Flint and Thomas J. Watson Sr. June 16, 1911, and is based in Armonk, New York.

Market capitalization: $112.76B

24. 3M Co.  (MMM)

3M Co. is a technology company that manufactures industrial, safety and consumer products. The company was founded by Henry S. Bryan, Herman W. Cable, John Dwan, William A. McGonagle, and J. Danley Budd in 1902 and is based in Maplewood, Minnesota. It operates in the following segments: security and industry, transport and electronics, health and consumer protection.

Market capitalization: $101.45B

25. Caterpillar Inc. (CAT)

Caterpillar, Inc. deals in the production of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The company was founded on April 15, 1925 and is headquartered in Deerfield, Illinois. It operates in the following segments: Construction Industry, Raw Materials Industry, Energy and Transport, Financial Products and Everything else.

Market capitalization: $98.07B

26. American Express Company (AXP)

American Express, also known as Amex, is a notable US financial services company partially owned by Berkshire Hathaway. Headquartered in New York City, American Express is primarily known for its credit cards. 

Market capitalization: $95.89B

27. Goldman Sachs Group Inc. (GS)

Goldman Sachs is one of the largest investment banks in the world, established in 1869 and headquartered in New York City. Goldman Sachs serves as a financial advisor for the biggest companies, governments and the wealthiest families in the world. It works as the direct dealer in contacts with the US Federal Reserve. 

Market capitalization: $91,97 B

28. Dow Inc (DOW)

Dow, Inc., firma zajmująca się materiałami naukowymi, łącząca naukę i technologię w celu opracowania innowacyjnych rozwiązań. Firma została założona 30 sierpnia 2018 roku i ma siedzibę w Midland w stanie Michigan. Działa w trzech segmentach biznesowych: Materiały eksploatacyjne i powłoki, Półprodukty i infrastruktura przemysłowa oraz Opakowania i tworzywa specjalne. 

Market capitalization: $41.61B

29. Travelers Companies (TRV)

Travelers Cos., Inc. is a holding company that provides products and services in the field of property and casualty insurance and accident insurance. The company was founded in 1853 and is headquartered in New York, New York. It operates within the following business segments: Business Insurance; Bond and special insurance; and personal insurance.

Market capitalization: $35.63B

30. Walgreens Boots Alliance Inc. (WBA)

Walgreens is committed to providing drugstore services. The company operates in the following segments: Retail Pharmacy USA, Retail Pharmacy International and Pharmaceutical Wholesale. The company was founded in 1901 and is based in Deerfield, Illinois.

Market capitalization: $35.30B

Conclusion

When the index was launched in 1896, it only included 12 companies. These companies mainly belonged to the industrial sector 1, including companies in the rail, cotton, gas, sugar, tobacco and oil industries, and were in fact a spin-off of the Dow Jones Transportation Average, making the DJIA the second-oldest stock market index in the United States.

Macbook Pro Beside Silver Desk Lamp

In the early 20th century, the performance of industrial enterprises was usually linked to the overall rate of economic growth. As a result, the link between Dow performance and economic performance has been cemented. Even today, for many investors, a strong Dow means a strong economy (while a weak Dow probably indicates a slowing economy).

As the economy grows, the composition of the index changes over time. Dow typically changes when a firm becomes less relevant to current economic trends or when there is a broader economic shift, and a change to the index composition needs to be made to reflect this. For example, a company that loses a large percentage of its market capitalization due to financial difficulties may be removed from Dow. Market capitalization is a method of measuring a goodwill by multiplying the number of shares outstanding by the price of its shares.

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