Chevron, Apple stocks’ 57-point contribution to the Dow is offset by P&G, Intel drags

Shares of Chevron Corp.
CVX,
+6.25%
rallied 3.0% to pace the Dow Jones Industrial Average’s
DJIA,
+0.26%
premarket gainers after blow-out second-quarter earnings, while Apple Inc.’s stock
AAPL,
+3.22%
was second with a 2.7% jump, also after better-than-expected earnings. The implied price gains would had a combined 57 points to the Dow’s price, while Dow futures
YM00,
+0.16%
inched down 2 points. The reason the Dow isn’t higher is because of its other two earnings reporters. Intel Corp.’s stock
INTC,
-10.01%
tumbled 11.3% to lead the Dow’s losers ahead of the open, after a big earnings miss and disappointing outlook, while Procter & Gamble Co. shares
PG,
-4.91%
were second-worst with a 3.5% decline after a profit miss. Those stocks’ combined implied price decline would cut about 64 points off the Dow’s price.