Shares of Salesforce.com , Amgen and Honeywell International each surged over 3per cent in extended trade on Monday after it was announced they ...
Shares of Salesforce.com , Amgen and Honeywell International each surged over 3per cent in extended trade on Monday after it was announced they would join the Dow Jones Industrial Average as of Aug. 31.
Exxon Mobil , Pfizer and Raytheon Technologies , which S&P Dow Jones Indices said would leave the 30-component Dow as part of the changes, each fell more than 1per cent.S&P Dow Jones Indices, which manages the Dow, said the shakeup was a result of Apple's four-for-one stock split, which will take effect the same day.
The index is weighted based on the share prices of its components, not on each company's overall market value. Adding cloud computing heavyweight Salesforce.com reduces the decline of tech's weighting in the Dow.
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