Dow Components' Performance: 1/00-9/06

by: Barry Ritholtz

Mike Panzner on the Net change in the constituent members of the Dow from the January 14, 2000 record close through earlier today...


Eastman Kodak Co. (EK) -62.22%
General Motors Corp. (NYSE:GM) -60.74%
Intel Corp. (NASDAQ:INTC) -60.18%
Microsoft Corp. (NASDAQ:MSFT) -51.27%
The Home Depot Inc. (NYSE:HD) -41.21%
Merck & Co. Inc. (NYSE:MRK) -39.47%
International Paper Co. (NYSE:IP) -38.47%
E.I. DuPont de Nemours (NYSE:DD) -36.06%
Honeywell International Inc. (NYSE:HON) -31.31%
International Business Machines Corp. (NYSE:IBM) -31.19%
Alcoa Inc. (NYSE:AA) -30.83%
General Electric Co. (NYSE:GE) -29.46%
Coca-Cola Bottling Co. Consolidated (NASDAQ:COKE) -26.62%
Wal-Mart Stores Inc. (NYSE:WMT) -23.24%
AT&T Inc. (NYSE:T) -21.05%
Hewlett-Packard Co. (NYSE:HPQ) -18.83%
Walt Disney Company (NYSE:DIS) -7.43%
McDonald's Corp. (NYSE:MCD) -6.35%
JPMorgan & Chase Co. (NYSE:JPM) -4.43%
Dow Jones Industrial Avg. -0.12
Proctor & Gamble Co. (NYSE:PG) 7.72%
American Express Company (NYSE:AXP) 19.73%
Citigroup Inc. (NYSE:C) 24.22%
Johnson & Johnson (NYSE:JNJ) 38.18%
3M Company (NYSE:MMM) 50.67%
ExxonMobil Corp. (NYSE:XOM) 59.09%
Boeing Company (NYSE:BA) 80.93%
United Technologies Corp. (NYSE:UTX) 98.52%
Caterpillar Inc. (NYSE:CAT) 153.77%
Altria Group Inc. (NYSE:MO) 220.83%
Click to enlarge

What's amazing is that 20 of the 30 Dow Components are off their highs, and that so many of the them are WAY OFF their 2006 highs. Of the 20 Dow components that are below their 2000 peaks, 14 of those 20 off by more than 25%.

That is the nature of a price weighted index . . .