The Dow Jones Industrial Average (DJI) are set to take effect this morning. Apple’s (NASDAQ:AAPL) 4-for-1 stock split set off a cascade of changes as it shrank the weighting of formerly the most important Dow member to 3% from around 12%, and the overall technology representation in the index to around 20% from 27%. The new addition of Salesforce (NYSE:CRM) to the Dow will bring the share of tech in the index to about 23%, and will also see Amgen (NASDAQ:AMGN) and Honeywell (NYSE:HON) replace iconic Exxon Mobil (NYSE:XOM), Pfizer (NYSE:PFE) and Raytheon (NYSE:RTX).
A majority of economists say Congress should reinstate supplemental unemployment insurance.https://www.cweb.com/u-s-recession-can-end-late-2020-or-in-2021-according-to-recent-survey/
Posted by Cweb on Monday, August 24, 2020
Apple (NASDAQ:AAPL) begins trading today (at $125/share) following a 4-for-1 split, while Tesla (NASDAQ:TSLA) starts trading (at $443/share) on a 5-for-1 split-adjusted basis. While the market caps of the companies will remain the same, some are saying the moves will make shares more accessible to a broader base of investors.