The exclusive blue chip index is making some big changes.
This week, two new stocks are joining the Dow Jones Industrial Average, Nvidia Inc (NASDAQ:NVDA) and Sherwin-Williams Co (NYSE:SHW).
Post-earnings strength from Amazon and Intel helped cushion the blow of a disappointing October jobs report.
U.S. stocks traded higher toward the end of trading, with the S&P 500 gaining around 1% on Tuesday.
The US Indices were quiet in the early hours of Tuesday, as the market waits for the election results. At this point in time, the market has been decidedly flat over the last couple of days, but we are going to see a lot of noise – especially in overnight
This will mark only the 53rd change for Wall Street's iconic index since its inception on May 26, 1896.
Nvidia's entrance to the Dow Jones Industrial Average was announced on Friday, following the chipmaker's spectacular rise to over $3.3 trillion in market cap. The move was more related to the equally spectacular fall of Intel, which has lost more than half its value this year, leaving its stock as almost weightless in the Dow.
The smaller company will have the bigger impact on the price-weighted benchmark.
JPMorgan Chase stock is trading below a buy point, near record highs following its Q3 earnings beat. JPM stock leapt 30% in 2024.
Technology giant NVIDIA Corp NVDA is set to join the Dow Jones Industrial Average on Nov. 8 replacing Intel Corporation INTC, a move predicted by several market experts to Benzinga months ago.
To get the latest market news check out finance.yahoo.com US stocks were mixed on Monday, gearing up for a week of potentially huge market-moving events — the presidential election and the Federal Reserve policy decision. The S&P 500 (^GSPC) hovered near the flatline after staging a comeback to end a losing week.
A South Korean memory company recently gave commentary supportive of strong Nvidia demand, an analyst notes.