In 2024, These Stocks Secured the Top Spots in the Dow Jones Industrial Average's Performance Ranking
In 2024, the Dow Jones Industrial Average saw a rise of over 13%, but it was outdone by the S&P 500's spectacular 23% surge. However, the individual performances within the Dow were anything but uniform.
While Boeing dragged the index down, Nvidia stepped up to the plate, becoming the Dow's standout performer with an impressive 171% increase. Let's delve into the top-performing Dow Jones stocks of 2024, starting with the AI champ.
1. Nvidia (up 171%)
Let's face it - 2024 was Nvidia's year. From surpassing analyst expectations in its quarterly financial reports to riding the AI wave, the company had investors thoroughly entertained. And Nvidia wasn't just jumping on the bandwagon; its AI chips were driving the mainstream adoption of AI technology, setting the stage for even better things to come.
2. Walmart (up 72%)
Walmart, ever the adaptable retail giant, recognized the importance of expanding its e-commerce business to stay competitive. In 2024, its initiatives paid off, with third-quarter fiscal 2025 results showing impressive 22% and 43% comparable sales growth for U.S. and international businesses.
3. American Express (up 58%)
While Apple might be the star in Warren Buffett's portfolio, American Express claimed the second-largest position. Even with other financial stocks selling off in 2024, Buffett remained loyal to American Express. The financial titan provided investors with plenty of reasons to be happy, earning its place as a must-have stock.
4. Goldman Sachs (up 48%)
Goldman Sachs' stock also enjoyed a significant boost in 2024, reaching new heights on the back of its strength in M&A advisory and risk intermediary roles. With significant client demand, the company continued to make waves, racking up substantial earnings-per-share growth.
5. Amazon (up 44%)
Amazon's stock followed a stellar 2023 with another strong year, ending 2024 with a 44% increase. Investors were drawn to Amazon's commanding presence in e-commerce and its ability to leverage AI across its various business lines.
Even as we move forward, these top-performing Dow Jones stocks from 2024 remain compelling options for any investor looking for stocks to add to their portfolio. However, always remember to conduct thorough research to ensure that these stocks are consistent with your specific investment goals.
- With its impressive 171% increase, Nvidia's investment in finance paid off handsomely in 2024, making it a standout performer in the Dow Jones Industrial Average.
- For those considering investing in the stock market, the top-performing Dow Jones stocks of 2024, such as Nvidia with its stellar growth, offer promising opportunities.
