The changing face of the Dow: See the names that have come and gone on the path to 40,000
Publishing timestamp: 2024-05-16 12:50:05
Summary
The Dow Jones Industrial Average hit a key milestone by surpassing 40000 for the first time. The index has evolved over more than a century, with changes in the composition of stocks reflecting the evolving economy. Various important moments in the history of the Dow were highlighted, including reaching 10000 in 1999, 20000 in 2017, 30000 in 2020, and now 40000 in 2023. The index has seen changes in its composition over the years, with the addition of tech stocks and the removal of others. The recent rally to 40000 has been driven by investor excitement around artificial intelligence and the influence of mega-cap technology stocks.
Sentiment: NEUTRAL
Tickers: .DJU, XOM, A, CVX, GD, MCD, SSRAP, XAR, ITA, IBM, MSFT, PG, AA, .SPX, INTC, SPY, SPGI, V, DIS, NKE, CRM, CSCO, TRV, AMZN, .DJI, AAPL, WBA,
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Source: https://www.cnbc.com/2024/05/16/the-changing-face-of-the-dow-stocks-on-path-to-40000.html