Salesforce to replace Exxon in Dow Jones Industrial Average index next week




Salesforce to replace Exxon in Dow Jones Industrial Average index next week
Salesforce to replace Exxon in Dow Jones Industrial Average index next week  

(Reuters) - Salesforce.com Inc <CRM.N>, Amgen Inc <AMGN.O> and Honeywell International Inc <HON.N> will become a part of the blue-chip Dow Jones Industrial Average index <.DJIA> on Aug. 31, S&P Dow Jones Indices said on Monday.

The three companies will replace Exxon Mobil Corp <XOM.N>, Pfizer Inc <PFE.N> and Raytheon Technologies Corp <RTX.N>.

The changes follow Apple Inc's <AAPL.O> decision to split its stock, which would reduce the index's weight in the global industry classification standard information technology sector, S&P Dow Jones Indices said.


(Reporting by Nivedita Balu in Bengaluru; Editing by Shounak Dasgupta)

COMMENTS

More Related News

Pfizer partner BioNTech sees no role for its vaccine in UK challenge trial
Pfizer partner BioNTech sees no role for its vaccine in UK challenge trial

Pfizer's German development partner BioNTech on Thursday joined other leading COVID-19 vaccine developers in ruling out participation in British plans to test experimental inoculations by deliberately infecting trial volunteers. "BioNTech's vaccine candidate is not part of this study," a spokeswoman said. Britain is planning to host so-called "challenge trials", the Financial Times cited people involved in the project as saying.

Caught in China-U.S. trade war, Taiwan offers support to chipmakers
Caught in China-U.S. trade war, Taiwan offers support to chipmakers

Taiwan President Tsai Ing-wen promised on Thursday to help the island's key semiconductor industry overcome difficulties and consolidate its leading position, offering support to a sector increasingly caught up in China-U.S. trade tensions. Companies such as the world's biggest contract chipmaker, Taiwan Semiconductor Manufacturing Co Ltd, are major suppliers to the likes of Apple Inc and Qualcomm Inc, as well as Chinese firms like Huawei Technologies Co Ltd. In July, TSMC said it had stopped taking new orders from Huawei in May and did not plan to ship wafers after Sept. 15, responding to U.S. curbs on supplying the Chinese company, which the Trump administration views as a security...

Apple (AAPL) Has Risen 98% in Last One Year, Outperforms Market
Apple (AAPL) Has Risen 98% in Last One Year, Outperforms Market

If you are looking for the best ideas for your portfolio you may want to consider some of RiverPark Advisors top stock picks. RiverPark Advisors, an investment management firm, is bullish on Apple Inc. (NASDAQ:AAPL) stock. In its Q2 2019 investor letter - you can download a copy here - the firm discussed its investment […]

The Morning After: Tesla
The Morning After: Tesla's $25,000 EV, and its 200 MPH-capable Model S

The Xbox Series X and S pre-orders started roughly on time, and Tesla's battery day brought word of EVs that will be cheaper and faster than ever.

Chevron asks employees to delete WeChat after U.S. ban - Bloomberg News
Chevron asks employees to delete WeChat after U.S. ban - Bloomberg News

A U.S. judge on Sunday blocked a government order requiring Apple Inc and Alphabet Inc's Google to remove WeChat for downloads on national security grounds. The U.S. Commerce Department said on Monday it would challenge the order.

Leave a Comment

Your email address will not be published. Required fields are marked with *

Cancel reply

Comments

Top News: Economy