![]() Chicago Mercantile: Certain market data is the property of Chicago Mercantile Exchange Inc. US market indices are shown in real time, except for the S&P 500 which is refreshed every two minutes. Your CNN account Log in to your CNN account The last major shakeup of the Dow took place in the summer of 2020. It replaced long-time Dow member General Electric. Walgreens, however, was just added to the Dow in 2018. So kicking them out could also make sense. (WBA) are the two smallest Dow components as measured by market valuation. (IBM) could be kicked out to make room for Amazon and Alphabet. Of course, adding Alphabet and Amazon would mean that two current Dow listed companies would have to be removed. (AAPL) was added to the index in 2015 after its own big stock split. After all, they are the third and fourth most valuable companies in the S&P 500, trailing only Apple and Microsoft. One could argue that the only reason Alphabet and Amazon aren’t already in the Dow is because of their prohibitively high stock prices. (UNH), by virtue of its $480 a share stock price. The company that currently has the biggest weighting in the Dow is UnitedHealth ![]() That means that if companies with quadruple digit stock prices were in the Dow, their moves would drastically skew the point value of the index every day. Why does this matter for the Dow? The group of 30 venerable blue chip stocks is a price-weighted average and not a market cap weighted index like the S&P 500.Ī surprising tech company could be next to join the Dow So if the split happened today, the price would drop to around $130. The price of Alphabet’s most widely available class A shares, trading under the ticker symbol of GOOGL ![]() While that won’t change the value of the company, it means that one share, which now costs around $2,925, would trade for a little less than $150 based on current prices.Īlphabet announced its own 20-for-1 stock split last month. ![]() (AMZN) announced late Wednesday that it plans to do a 20-for-1 stock split at the end of May. But neither stock is a member of Wall Street’s most exclusive club: the Dow Jones Industrial Average. Each is worth more than $1 trillion and is a leader in multiple industries. Amazon and Google owner Alphabet are two of the most dominant companies on Earth. ![]()
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