Could A Strong Apple Earnings Report Push The Dow To 19,000?

The recent surge in U.S. stocks to new all-time highs has the Dow Jones Industrial Average sitting above 18,500, roughly 2.5 percent away from the 19,000 level. With the world’s largest public company,Apple Inc. AAPL 0.53% set to release Q2 earnings next Tuesday on July 26, could good numbers from Apple push the Dow to 19,000?

Benzinga took a look back at how much of an impact Apple earnings have had on the Dow since Apple joined the group of 30 on March 18, 2015.

On the day following Apple’s last five earnings reports, the stock has traded down four times, losing an average of 2.9 percent. On the four days Apple’s stock traded down, the Dow averaged a 0.2 percent loss as well.

The one time the market reacted positively to Apple’s earnings since the stock joined the Dow was following Q3 2015, when Apple’s stock climbed 4.1 percent. On that day, Apple pushed…

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