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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Exxon Mobil Corp | NYSE:XOM | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
-2.42 | -2.05% | 115.85 | 118.47 | 115.66 | 118.29 | 27,703,249 | 01:00:00 |
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.
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