Johnson & Johnson, IBM share gains lead Dow’s nearly 250-point climb

Led by strong returns for shares of Johnson & Johnson and IBM, the Dow Jones Industrial Average is up Thursday morning. Shares of Johnson & Johnson
JNJ,
+6.07%
and IBM
IBM,
+2.14%
have contributed about 25% of the blue-chip gauge’s intraday rally, as the Dow
DJIA,
+0.47%
is trading 247 points higher (0.7%). Johnson & Johnson’s shares are up $9.53 (6.0%) while those of IBM have risen $4.20, or 3.1%, combining for a roughly 90-point boost for the Dow. Travelers
TRV,
+1.80%,
Merck
MRK,
+2.37%,
and Amgen
AMGN,
+0.51%
are also contributing significantly to the gain. A $1 move in any of the index’s 30 components equates to a 6.59-point swing.

Editor’s Note: This story was auto-generated by Automated Insights, an automation technology provider, using data from Dow Jones and FactSet. See our market data terms of use.