Salesforce, Amgen, Honeywell to join Dow Jones Industrial
By Noel Randewich (Reuters) - Shares of Salesforce.com , Amgen and Honeywell International each surged over 3% in extended trade on Monday after it was announced they would join the Dow Jones Industrial Average as of Aug.
By Noel Randewich
(Reuters) - Shares of Salesforce.com
S&P Dow Jones Indices, which manages the Dow, said the shakeup was a result of Apple's
The drop in Apple's stock price resulting from its split will reduce its weight within the Dow, along with the overall weight of the technology sector in the Dow. 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.
"The announced changes help offset that reduction. They also help diversify the index by removing overlap between companies of similar scope and adding new types of businesses that better reflect the American economy," S&P Dow Jones Indices said in a press release.
Trading at $217, $245 and $165, respectively, following the announcement, Salesforce, Amgen and Honeywell will have greater weight within the Dow than the companies they are replacing. Exxon last traded at $41.55, Pfizer at $38.22 and Raytheon was last at $60.06.
(Reporting by Noel Randewich; Editing by Sandra Maler and Leslie Adler)
This story has not been edited by Firstpost staff and is generated by auto-feed.
By Stephen Nellis (Reuters) -Apple Inc on Monday said it will offer the ability to store state-issued identification cards digitally on iPhones and that it is working with the U.S. Transportation Security Administration to accept the digital IDs at airports, one of several updates to the software that runs on its devices. It also showed updates to its FaceTime video chat app, adding the ability to schedule calls with multiple attendees and making the software compatible with Android and Windows devices.
LONDON (Reuters) - The bosses of all airlines flying passenger services between Britain and the United States called on Monday for the countries' governments to relax COVID-19 restrictions to reopen travel routes between the two countries. After more than a year of restrictions, the CEOs of American Airlines, IAG unit British Airways, Delta Air Lines, United Airlines and JetBlue Airways Corp said high vaccination rates in both countries meant travel could restart safely. The push for reopening trans-Atlantic routes on Monday comes ahead of meetings between U.S.
BRUSSELS (Reuters) - The European Union's patience towards Britain over Brexit arrangements in Northern Ireland is wearing thin and the bloc will consider its options should Britain continue its "confrontational path", an EU official said on Monday.