Nvidia Corp. (NVDA) will replace Intel Corp. (INTC), and The Sherwin-Williams Co. (SHW) will replace Dow Inc. (DOW) in the Dow Jones Industrial Average, or DJIA. 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.
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Read More on NVDA:
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- Notable open interest changes for November 1st
- NVIDIA put buyer realizes 27% same-day gains
- Nvidia, Run:ai deal to be reviewed under EU’s merger rules
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