Simon’s stock tips

DOW JONES INDEX

The ins and outs

have written before that the Dow Jones is the world’s oddest index as it uses simple price movement (just the cents, not percentage) of its 30 constituent stocks every day to determine the index level. It also does not have a regular review process. Now it is shaking up its holdings due to the share split Apple is doing. This will reduce Apple’s share price by four times while increasing the number of shares by four times. This will reduce the tech component in the index due to a lower Apple share price. ExxonMobil, which has been in the Dow Jones since 1992, is exiting along with Pfizer and Raytheon Technologies. New entrants include , Amgen and Honeywell International. This came into effect on 31