AAPL stock split effect shakes up USA30
The index representatives surprised
the markets by announcing that they will switch three stocks in one of the most
important indices from the American economy – USA30. The last time this
happened was in 2013. Back then, Alcoa, Bank of America, and Hewlett-Packard were
replaced by Goldman
Sachs, Nike, and Visa.
Salesforce.com, Amgen, and Honeywell International
will be the new additions to the index, making Exxon Mobil, Pfizer, and Raytheon Technologies
leave USA30 to make more room. This will happen on August 31, before the first
market bell.
Everything became possible after #Apple's
decision to do a 4-for-1 stock split. Based on market analysts, this swap shows
a transition of the market and also diversifies the index by adding new types
of businesses from the American economy, as the statement from Dow Jones
mentioned.
From late March until now USA30
has gained close to 55%, leaving it still 4% under its record of 29,568.57 on February
12. After this release, Exxon shares, Pfizer, and Raytheon lost about 2% while
the replacements grew by 4%.
From the start of the year,
Salesforce.com shares grew 28%, Amgen’s fell 2.3%, while Honeywell stocks are
down by 10%.
Sources: marketwatch.com,
cnbc.com
