Shares of earnings reporters Apple Inc. AAPL, +6.98% and Visa Inc. V, +10.60% are the only two of the Dow Jones Industrial Average’s DJIA, +1.65% 30 components that are gaining ground in the premarket, while those of fellow earnings reporters Caterpillar Inc. CAT, -5.19% and Chevron Corp. CVX, -3.52% were among the bigger Dow losers. Combined, the earnings reporters were providing about 14-point support to the Dow’s price, while Dow futures YM00, -0.05% tumbled 323 points, or 1.0%. Visa’s stock rose 3.5% after the credit card company reported late Thursday record quarterly revenue, and Apple’s stock climbed 2.4% after also setting sales records. Visa’s stock would add about 48 points to the Dow while Apple’s would add 25 points. Meanwhile, Chevron’s stock sank 4.0% to pace the Dow’s lowers after a big earnings miss, while Caterpillar’s stock shed 1.7% after a big profit beat but reported costs that surged above forecasts. Chevron was shaving 35 points off the Dow’s price while Caterpillar was a 24-point drag.
