Dow Jones Industrial Average adds Alphabet, drops Verizon, and warns Nike

Industry
โดย The Motley Fool·Read original
Summary · why it matters

The Dow Jones Industrial Average replaced Verizon Communications with Google parent Alphabet today, marking the 54th change in the index's history. Alphabet's Class A shares, priced at $345.29, become the sixth most influential component in the price-weighted index, while Verizon's $45.68 share price gave it just 0.5% weighting. The committee also signaled that Nike, whose share price fell below $42, is at risk of removal after a five-year decline linked to its direct-to-consumer strategy and weak China sales.

Impact on stocks 4

Artificial Intelligence · 2 stocks
Alphabet Inc Class C
GOOG
▲ PositiveCapitalrelevance

Alphabet added to Dow Jones Industrial Average, increasing index fund demand and visibility.

Cloud & Digital Infrastructure · 1 stocks
Verizon Communications Inc
VZ
▼ NegativeCapitalrelevance

Verizon removed from Dow Jones Industrial Average, reducing index inclusion and passive demand.

Consumer Discretionary · 1 stocks
Nike Inc
NKE
▼ NegativeDemandrelevance

Nike at risk of Dow removal due to weak China sales and direct-to-consumer strategy struggles.