Dow up 389 points on gains for shares of Home Depot, Boeing

Led by strong returns for shares of Home Depot and Boeing, the Dow Jones Industrial Average is rallying Wednesday afternoon. The Dow
DJIA,
+1.24%
is trading 389 points, or 1.2%, higher, as shares of Home Depot
HD,
+3.56%
and Boeing
BA,
+2.99%
have contributed around one third of the index’s intraday rally. Home Depot’s shares are up $11.27 (4.0%) while those of Boeing have climbed $6.16, or 3.1%, combining for an approximately 115-point bump for the Dow. Also contributing significantly to the gain are Caterpillar
CAT,
+2.36%,
JPMorgan Chase
JPM,
+3.07%,
and American Express
AXP,
+2.48%.
A $1 move in any of the index’s 30 components equates to a 6.59-point swing.