“The Dow Jones Industrial Average announced a major shakeup on Monday after the market closed — it booted Pfizer, Raytheon Technologies and ExxonMobil, the oldest member of the index, having joined in 1928.
What happened: Salesforce, Amgen and Honeywell will replace those companies to “help diversify the index … and adding new types of businesses that better reflect the American economy,” S&P Dow Jones Indices said in a note announcing the changes.
The new companies join the Dow on Aug. 31. GE, the last original member of the Dow, was removed two years ago Driving the news: The changes seem more reflective of a desire for better-performing stocks than more accurate representation of a changing U.S. economy — the Dow will actually have a lower percentage of tech after the additions.
Because the Dow is a stock-price-weighed index, Apple’s four-to-one stock split would have reduced the Dow’s weighting of tech stocks from 27.6% to 20.3%. “By adding Salesforce, you can come back to 23.1% of the Dow being in technology,” Howard Silverblatt, senior index analyst at S&P Dow Jones Indices, told CNBC.”
At 9:52 AM, ET today Dow Jones index is up more than 250 points at 26,344.19 +264.09(+1.01%). All major US stock market indices are up today after about 25 minutes of the open for this stock trading session.
Stock market data: Yahoo Finance
Dow Jones live update: At 2:25 PM, ET time today Dow Jones is down, erasing previous gains at 25,834.30,-245.80(-0.94%).
This is the technical analysis for Dow Jones Industrial Average today, before the open of the US stock market. The key levels to monitor for support and resistance, technical indicators. On Friday, June 12, 2020, Dow Jones Industrial Average closed at 25605.54, -5.55% for the week, -10.28% Year-to-date.
For the week ending on June 12, 2020, the Dow Jones Industrial Average index had a weekly performance of -5.55%. On Friday, June 12, 2020, the Dow Jones Industrial Average index closed at 25,605.54,+477.37(+1.90%).
On Friday, May 1, 2020, the Dow Jones Industrial Average index (DJIA) closed at 23723.69 -622.03 -2.55%. For the week ending on May 1, 2020, the 5-day performance was -0.22%. The YTD performance is still negative at -16.87%.
Dow Jones Industrial Average today closed at 23,390.77,-328.60 -1.39%. The DAY RANGE was 23,095.35 – 23,698.93.
Stock market data: MarketWatch.com
“The Dow Jones Industrial Average ended the day with a loss of around 325 points, as traders digested a historic oil production agreement and prepared themselves for a brutal week of quarterly earnings.”
It is a weekly stock market newslettter, covering only US stocks, stocks to buy, stocks to sell traded on NYSE, Nasdaq. Contact us for more information at email: firstname.lastname@example.org to subcribe to the stock investing, stock trading newsletter. Book an hourly investing, trading, mentoring session with us about stock market and investing.
Stock market trading
Join us for live stock trading, stock investing. We analyze stocks to buy, stocks to sell, analyze options, stock market live. And make live trades in stocks, dividend stocks, stocks to hold both for some time or for the long-run.
Investments in businesses
Investing not just in stocks. Check our investments page for two investing ideas.