Dow's 500-point afternoon rally powered by Boeing and Apple's stocks, shares add 130 points
The Dow Jones Industrial Average Monday afternoon was rising by nearly 500 points, as the blue-chip benchmark was buoyed by solid gains in shares of Apple Inc. and Boeing Co. The pair of Dow components were contributing more than 120 points to the Dow . The average was up $12.52, or 3.8%, at $345.29, while shares of Apple rose 4%, or $6.21, to $162.64. A $1 move in any one of the Dow's components equates to a 6.83-point swing in the price-weighted average. Shares of General Electric Co. was the only laggard among Dow components. The Dow was recently up 476 points, or 2%, at 24,664, as the benchmark attempted to post its second straight gain after U.S. stocks got rocked last week, putting in their worst stretch of gains since early 2016, with all of the main benchmarks posting a loss of at least 5% for the week. Most recently, the S&P 500 index , meanwhile, was up 1.6% at 2,660, while the Nasdaq Composite Index advanced 1.6% at 6,986.