By WSJ Staff

Some professional investors look at the Dow industrials with a bit of suspicion since the largest companies by market value aren't given the biggest weight in the index, as is the case for other benchmarks like the S&P 500 and Nasdaq composite.

-- The top five stocks by market cap in the 30-stock Dow are Nvidia, Apple, Microsoft, Amazon and Walmart. They would represent 69% of the index if it were market-cap weighted.

-- As it stands under the Dow's methodology of giving more weight to higher priced stocks, the top five are Goldman Sachs, Caterpillar, Microsoft, Home Depot and Amgen. They make up about 35% of the index.

-- Home Depot has a weighting of about 4.7% in the blue-chip average, according to Dow Jones Market Data. If the Dow were sorted by market cap, its weighting would be only 1.7%.

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(END) Dow Jones Newswires

February 06, 2026 15:53 ET (20:53 GMT)

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