Dow rallies nearly 200 points on gains in shares of Chevron, Caterpillar

Behind strong returns for shares of Chevron and Caterpillar, the Dow Jones Industrial Average is climbing Friday afternoon. Shares of Chevron
CVX,
+0.08%
and Caterpillar
CAT,
+0.08%
are contributing to the index’s intraday rally, as the Dow
DJIA,
+0.15%
was most recently trading 195 points higher (0.5%). Chevron’s shares have risen $3.92, or 2.7%, while those of Caterpillar have gained $7.17, or 2.3%, combining for a roughly 73-point boost for the Dow. Other components contributing significantly to the gain include Microsoft
MSFT,
-0.27%,
American Express
AXP,
-0.51%,
and Travelers
TRV,
-0.12%.
A $1 move in any of the benchmark’s 30 components results in a 6.59-point swing.