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$3.3 Trillion Nvidia to Replace $98 Billion Intel on Dow Jones Industrial Average (DJIA) on 8th November 2024, Intel Has Been on DJIA for 25 Years, DJIA Tracks 30 Large Public Companies Listed in United States
2nd November 2024 | Hong Kong
Nvidia ($3.3 trillion market value) will replace Intel ($98 billionaire market value) on the Dow Jones Industrial Average (DJIA) on 8th November 2024. Intel has been on DJIA for 25 years. DJIA tracks 30 large public companies listed in United States. Announcement (1/11/24): “S&P Dow Jones Indices will make the following changes to the Dow Jones Industrial Average (DJIA) and Dow Jones Utility Average (DJUA) effective prior to the open of trading on Friday, November 8: 1) NVIDIA Corp. (NASD:NVDA) will replace Intel Corp. (NASD:INTC), and The Sherwin-Williams Co. (NYSE:SHW) will replace Dow Inc. (NYSE:DOW) in the Dow Jones Industrial Average. The index changes were initiated to ensure a more representative exposure to the semiconductors industry and the materials sector respectively. The DJIA is a price weighted index, and thus persistently lower priced stocks have a minimal impact on the index. Dow Inc. is also the smallest company in the DJIA as measured by company market capitalization. 2) Vistra Corp. (NYSE:VST) will replace The AES Corp. (NYSE:AES) in the Dow Jones Utility Average. The index change was initiated to ensure a more representative exposure to the Independent Power Producers and Renewable Electricity Producers industry within the Utilities sector. The DJUA is a price weighted index, and thus low-priced stocks have minimal impact on the index.”
“ $3.3 Trillion Nvidia to Replace $98 Billion Intel on Dow Jones Industrial Average (DJIA) on 8th November 2024, Intel Has Been on DJIA for 25 Years, DJIA Tracks 30 Large Public Companies Listed in United States “
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$3.3 Trillion Nvidia to Replace $98 Billion Intel on Dow Jones Industrial Average (DJIA) on 8th November 2024, Intel Has Been on DJIA for 25 Years, DJIA Tracks 30 Large Public Companies Listed in United States
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