Dow Jones Industrial Average officials just made membership requirements for its elite index even more stringent, prompted by a surge in inversion deals made to avoid the high U.S. corporate tax rate.
The committee overseeing the storied blue-chip benchmark just updated the definition for index inclusion. The classification now states that companies that conduct business in the United States, but are incorporated abroad, are not eligible for admission in the 30-stock index.
The Dow tweaked the language used in its process of accepting components into the coveted index to officially read that member companies must be incorporated and headquartered in the United States. Additionally, the United States must be a company’s largest revenue-generating country.
That means the new eligibility requirements clearly exclude companies that have moved overseas via inversion deals.
Will the Dow Jones Bounce Back Today?
Yesterday (Thursday), the Dow Jones Industrial Average suffered its steepest drop since July 31st, with tech stocks leading the plunge.
The dive was fueled by a sharp downturn in shares of Apple Inc. (Nasdaq: AAPL), which fell for the second consecutive day. AAPL stock dropped 3.8%, falling below $100 per share. Concerns about software glitches in its iOS platform and structural problems in the iPhone 6 Plus are heavily weighing on the stock.Can the Dow Jones recover Friday? Here are the top stories facing U.S. markets...
Dividend-Paying Stocks: MSFT, MCD, and 22 More New Dividend Boosts
The profusion of dividend-paying stocks that have increased payouts over the last several weeks reflects a robust second-quarter earnings season.
Companies in the S&P 500 turned in 10.3% earnings growth in Q2 - the highest advance since 2011's third quarter.Last week Microsoft (Nasdaq: MSFT), McDonald's (NYSE: MCD), and 22 other dividend stocks raised payouts. Here's the full list of dividend hikes announced during the week ending Sept. 19, 2014.
Stock Market News Today Driven by BKW and AMZN Acquisitions
Stock market news today, August 27, 2014: U.S. stock markets struck multiple intraday records on Tuesday, as strong consumer data suggested further momentum for the economy. The S&P 500 hit another record, fresh off its first intraday rise over the 2,000 level yesterday.Here’s what you should know to make your Wednesday profitable…
DJIA Today Hits New Intraday High, S&P 500 Closes Above 2,000 for First Time
DJIA Today, Aug. 26, 2014: U.S. stock markets struck multiple intraday records this afternoon, as strong consumer data suggested further momentum for the economy. The Dow Jones hit an all-time intraday high of 17,153.80. The S&P 500 Index hit another record to close above 2,000 for the first time today, fresh off its first intraday rise over that landmark level yesterday.Now, here are the top stories from the stock market today…
Stock Market Today Moving on AMZN, BKW, and BBY News
Stock market today, August 26, 2014: U.S. futures were flat this morning, a day after the S&P 500 Index cracked the 2,000 level for the first time ever and set a new all-time closing high just shy of that milestone.
Yesterday's rise was fueled by confidence in the financial and biotech sectors, which outweighed concerns about new housing sales falling to a four-month low. This morning, the U.S. Commerce Department reported that U.S. durable goods orders spiked by a record 22.6% in July.Here’s what you should know to make your Tuesday profitable:
Dow Jones Futures Up Today on Merger News; BKW and ITMN Are Premarket Movers
Stock market news today, Aug. 25, 2014: This morning, Dow Jones futures were up modestly on increased merger activity and rising confidence in monetary policy from the European Central Bank. In Jackson Hole, Wyo., ECB President Mario Draghi hinted at further stimulus to keep the gears moving in some of the continent's struggling nations.Here’s what you should know to make your Monday profitable:
DJIA Today Dips 38 Points; AAPL, GMCR, DYN Among Day's Gainers
DJIA Today, Aug. 22, 2014: U.S. stocks were mixed on Friday as Federal Reserve Chair Janet Yellen's speech in Jackson Hole, Wyo., failed to beat back renewed geopolitical concerns in eastern Ukraine.
This morning, NATO announced that Russia was building up a strong troop presence on the eastern border of Ukraine, while another convoy entered the country.Now, here are the top stories from the stock market today...
DJIA Today Gains 59 Points but Nasdaq Closes Lower; AAPL Hits Post-Split High
DJIA Today, Aug. 20, 2014: U.S. stocks were up Wednesday after the release of minutes from the most recent Federal Open Market Committee meeting in July. According to the minutes, the consensus view of the FOMC is that interest rates won't begin to move higher until at least mid-2015.Here are the top stories from today...
Stock Market News Today Headlined by FOMC Minutes and Big Box Retailers
Stock market news, Aug. 20, 2014: U.S. stocks roared again Tuesday, buoyed by strong earnings reports and a slew of positive economic data.
The positive data and strong earnings reports overshadowed any concerns about ongoing geopolitical tensions in Ukraine, Israel/Gaza, and Iraq. Yesterday, the Kremlin announced that Russian President Vladimir Putin will meet with Ukrainian President Petro Poroshenko next week to discuss ways to resolve the problems plaguing Eastern Europe.Here's what you must know about the stock market today to start profiting...
Stock Market Closes Up Again Today as AAPL Hits $100 Mark, HD Soars
Stock Market Close, Aug. 19, 2014: U.S. stocks roared again Tuesday, buoyed by strong earnings reports and a slew of positive economic data. The surge was led today by The Home Depot Inc. (NYSE: HD), which saw shares rise nearly 6% after the company beat Wall Street estimates for its second quarter.Here are the top stories from the stock market today...
Today's Stock Market Moving on HD, S, and SKH News
Today's stock market, August 19, 2014: U.S. stocks soared Monday on positive housing data and growing merger and acquisition activity. The Dow gained 175 points, while the S&P 500 Index is again taking aim at the historic 2,000 mark. The Nasdaq is back at a 14-year high.Here's what's on tap for the stock market today...
Today's Stock Market News Led by FDO, DG, and TGT
Stock market news, Aug. 18, 2014: This week, leaders of the U.S. Federal Reserve will be meeting in Jackson Hole, Wyo., for the central bank's annual economic symposium. The meeting is expected to provide significant focus on the labor market and some focus on monetary policy for the road ahead. Meanwhile, this week is an important earnings period for home and consumer retail companies.Here's what's coming up in the stock market today...
Dow Jones Today Sheds 50 Points; MNST and AGN Among Day's Biggest Gainers
Dow Jones today, Aug. 15, 2014: U.S. stocks slumped Friday, turning downward from early gains this morning, after new reports emerged of rising geopolitical conflict in Ukraine. This morning, a Ukrainian military leader said his forces had attacked a column of Russian armored trucks that crossed the border.Now, here are the top stories from the stock market today…
U.S. Stock Futures Making Gains Friday Pre-Market
Stock market news today, Aug. 15, 2014: U.S. stock futures today (Friday) were up premarket. Dow Jones futures gained 46 points (0.28%), S&P futures were up 4.75 points (0.24%), and Nasdaq futures were up 13.5 points (0.34%).
Global aviation manufacturer The Boeing Company (NYSE: BA) helped carry the market last session, gaining 1.7% on news that its demand for commercial jets was strengthening this quarter.Here are the top stories coming up in the stock market today...
Dow Jones Today Up 61 Points; NLNK and PLUG Soar, BRK.A Hits $200K
Dow Jones today, Aug. 14, 2014: U.S. stocks shook off rising jobless claims and rose as concerns abated over geopolitical tensions in Ukraine. This morning, Russian President Vladimir Putin said before government ministers and the Crimean Congress that his country would help end the conflict in the region as soon as possible.Now, here are the top stories from the stock market today…