Salesforce, Amgen and Honeywell Shares Rise After Hours on Dow Industrials Inclusion
August 24 2020 - 5:53PM
Dow Jones News
By Kimberly Chin
Shares of Salesforce.com Inc., Amgen Inc. and Honeywell
International Inc. rose more than 3% after hours after the three
stocks were added to the Dow Jones Industrial Average by S&P
Dow Jones Indices.
The stocks are set to replace Exxon Mobil Corp., Pfizer Inc. and
Raytheon Technologies Corp. in the blue-chip index, respectively.
Shares of Exxon, Pfizer and Raytheon fell by more than 1.5% in
after-hours trading on Monday.
The changes were in response to Apple Inc.'s four-to-one stock
split announced last month, S&P said, adding the split would've
reduced the information-technology sector's influence on the
price-weighed Dow. The decision to make changes to the index will
help offset that reduction, S&P said.
Component stocks of the Dow are selected by the index committee,
a group that includes editors of The Wall Street Journal, which is
published by Dow Jones & Co., a part of News Corp.
Write to Kimberly Chin at kimberly.chin@wsj.com
(END) Dow Jones Newswires
August 24, 2020 18:38 ET (22:38 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
Pfizer (NYSE:PFE)
Historical Stock Chart
From Apr 2024 to May 2024
Pfizer (NYSE:PFE)
Historical Stock Chart
From May 2023 to May 2024