Skip to content

DJI shakeup: Salesforce, Amgen, Honeywell in; Exxon Mobil, Pfizer, Raytheon out

August 24, 2020

In a major shakeup for the Dow Jones Industrial Average, Salesforce.com (NYSE:CRM), Amgen (NASDAQ:AMGN) and Honeywell International (NYSE:HON) are joining the venerable index, S&P Dow Jones Indices says.

Exiting the index are Exxon Mobil (NYSE:XOM), Pfizer (NYSE:PFE) and Raytheon Technologies (NYSE:RTX).

The moves were spurred by Apple’s decision to split its stock, which cuts the Dow’s weight in the Information Technology sector (a change offset in part by the new shifts, which S&P says also help diversify the index).

The moves are effective before the open next Monday, Aug. 31; the divisor used to calculate the index from the constituents will be changed before then, preventing any distortions from the change.

After hours: CRM +1.2%; AMGN +0.7%; HON +0.5%; XOM -2.2%; PFE -0.3%; RTX -0.1%.

https://seekingalpha.com/news/3608387-dow-jones-index-shakeup-salesforce-amgen-honeywell-in-exxon-mobil-pfizer-raytheon-out

From → Uncategorized

Leave a Comment

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: