Shake-ups come infrequently for the Dow Jones Industrial Average, but some degre...
NEW YORK - Shake-ups come infrequently for the Dow Jones Industrial Average, but some degree of change may be in the works for the stock index as two of its 30 constituents prepare to transform from large conglomerates into smaller companies.
While many professional investors prefer other stock gauges to the Dow, membership in the blue-chip index - often thought of as Main Street’s market barometer - still carries allure because of its relatively few constituents. Funds with billions of dollars under management are also linked to the index, so constituent changes affect flows into and out of stocks.
Any time there is a corporate action in an index, McConville said, “S&P DJI will review the index and make any necessary changes and issue a public announcement before the transaction takes place.” The overall level of the Dow does not change when its components do, because the divisor used to calculate the index is adjusted.
One remaining piece of DowDuPont - the only materials sector stock in the Dow - could stay in the Dow Jones index.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Why the Dow Jones Industrial Average Got Spooked by the Federal ReserveA dovish Fed should be good news for the market. Instead the Dow is off more than 100 points. Here are some possible reasons why
Lire la suite »
'Golden cross' for stocks doesn't always glitterThe Dow Jones Industrial Average triggered a technical signal on Tuesday that ma...
Lire la suite »
Dow chart flashes bullish ‘golden cross’ just 3 months after a bearish ‘death cross’A bullish “golden cross” pattern has appeared in the Dow Jones Industrial Average’s chart, to suggest a new longer-term uptrend has begun, exactly three...
Lire la suite »
Dow falls at the open to start the week as Boeing shares slide againIt's going to be a busy week on Wall Street. Stocks had a mixed start at the open as Boeing and Facebook shares fell and investors prepared for tomorrow's Fed meeting.
Lire la suite »
Dow stands less than 800 points shy of a record, as a 'golden cross' forms in the blue-chip benchmarkThe Dow Jones Industrial Average on Tuesday looked set to extend a bullish turn that has seen it register four consecutive gains, putting the index less than...
Lire la suite »
Shares in Asia set to slip despite Wall Street surge overnightStocks in Asia were set to slip at the open despite an overnight surge on Wall Street, with the Dow Jones Industrial Average posting a gain of more than 200 points.
Lire la suite »
Even Shake Shack is trying a four-day workweekThere’s been a growing consensus that switching from the traditional five-day, 40-hour workweek to just four days a week could be a recipe for success
Lire la suite »
Australia's Westpac exits financial advice, takes charge to shake up wealth unitWestpac Banking Corp, said on Tuesday it would exit its financial advice busines...
Lire la suite »
Astrology app set to shake up ‘mystical services sector’Sanctuary, the first venture capital-backed astrology app, looks to bring the familiar trappings of the on-demand economy to an age-old industry, reports SamAugustDean.
Lire la suite »