NEW
YORK, Nov. 1, 2024 /PRNewswire/ -- 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:
- 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.
- 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.
The divisors used to calculate the indices from the components'
prices on their respective home exchanges will be changed prior to
the opening on November 8, 2024. This
procedure prevents any distortion in the indices' reflection of the
portion of the U.S. stock market it is designed to measure. The new
divisors can be found in the end-of-day index level files (*.SDL)
via the S&P Dow Jones Indices FTP (EDX) site beginning on
Thursday, November 7, 2024.
Following is a summary of the changes that will take place prior
to the open of trading on the effective date:
|
Effective
Date
|
Index
Name
|
Action
|
Company
Name
|
Ticker
|
GICS (Global
Industry Classification
Standard) Industry
|
|
November 8,
2024
|
DJIA
|
Addition
|
NVIDIA
|
NVDA
|
Semiconductors &
Semiconductor Equipment
|
|
DJIA
|
Addition
|
Sherwin-Williams
|
SHW
|
Chemicals
|
|
DJIA
|
Deletion
|
Intel
|
INTC
|
Semiconductors &
Semiconductor Equipment
|
|
DJIA
|
Deletion
|
Dow
|
DOW
|
Chemicals
|
|
DJUA
|
Addition
|
Vistra
|
VST
|
Independent Power and
Renewable Electricity
Producers
|
|
DJUA
|
Deletion
|
AES
|
AES
|
Independent Power and
Renewable Electricity
Producers
|
For more information about S&P Dow Jones Indices, please
visit www.spdji.com
ABOUT S&P DOW JONES INDICES
S&P Dow Jones Indices is the largest global resource for
essential index-based concepts, data and research, and home to
iconic financial market indicators, such as the S&P 500® and
the Dow Jones Industrial Average®. More assets are invested in
products based on our indices than products based on indices from
any other provider in the world. Since Charles Dow invented the first index in 1884,
S&P DJI has been innovating and developing indices across the
spectrum of asset classes helping to define the way investors
measure and trade the markets.
S&P Dow Jones Indices is a division of S&P Global (NYSE:
SPGI), which provides essential intelligence for individuals,
companies, and governments to make decisions with confidence. For
more information, visit
https://www.spglobal.com/spdji/en/.
FOR MORE INFORMATION:
S&P Dow Jones
Indices
index_services@spglobal.com
Media Inquiries
spdji.comms@spglobal.com
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SOURCE S&P Dow Jones Indices
