*****DOW 30 CHANGE*****CRM (Salesforce), HONEYWELL, AMGEN in ExxonMobil Pfizer Raytheon out

[S2007S]

ExxonMobil out
Pfizer out
Raytheon out


Interesting to see how high the stock prices are of CRM, AMGN and HON. All trading in the triple digits.
These will be more heavily weighted than the 3 going out.

Closing prices

Crm $208.46
Amgn $235.57
HON $159.37


XoM $42.22
Pfizer $38.84
Raytheon $61.88







https://www.cnbc.com/2020/08/24/sal...d-to-dow-in-major-shakeup-to-the-average.html

 

[noddyboy]

ExxonMobil out
Pfizer out
Raytheon out


Interesting to see how high the stock prices are of CRM, AMGN and HON. All trading in the triple digits.
These will be more heavily weighted than the 3 going out.

Closing prices

Crm $208.46
Amgn $235.57
HON $159.37


XoM $42.22
Pfizer $38.84
Raytheon $61.88







https://www.cnbc.com/2020/08/24/sal...d-to-dow-in-major-shakeup-to-the-average.html

Seriously man...why bother with anything else. Just buy QQQ. Your wife will thank you.

 

[Covertibility]

Just put the QQQ in the Dow already.
Hell just put BETZ is the Dow, the nation is turning into a bunch of degenerate gamblers anway,

https://twitter.com/x/status/1297947223557386241

 

[jys78]

Lol just lol @ a price weighted index. Hard to believe something so stupid persists in 2020, but it remains the most quoted index... wow!

 

[Overnight]

Lol just lol @ a price weighted index. Hard to believe something so stupid persists in 2020, but it remains the most quoted index... wow!

Old habits die hard? It is the oldest index out there?

 

[S2007S]

Apples weight is going from 13% to around 3% which is a significant drop. Maybe they added these more heavy weighted stocks to compensate for apples split? I doubt it but you never know.

 

[S2007S]

It was due to Apple splitting its stock

So basically none of these changes would have taken place if it were not for apple splitting its shares.


S&P Dow Jones said the changes were “prompted” by Apple Inc.’s AAPL, +1.19% decision for a 4-for-1 stock split, which will reduce the index’s tech-sector weighting.




https://www.marketwatch.com/story/e...of-apple-stock-split-2020-08-24?mod=home-page

 

[murray t turtle]

Lol just lol @ a price weighted index. Hard to believe something so stupid persists in 2020, but it remains the most quoted index... wow!

%%
LOL;
only in the'' news'' is it the most quoted index.Some equal weight ETFs/indexes tend to underperform also.30 stocks picked by a news group-------what could possibly go wrong??''

 

[LanceJ]

What does it really mean for the issues leaving? They become less hedge-able with an index future? All three are down on the news, but why? What really changed for them?