Share This Article

Facebook LinkedIn
Twitter Reddit
Print Email
Pinterest Gmail
Yahoo
Money Morning
×
  • Invest
    • Best Stocks to Buy
    • Stock Forecasts
    • Stocks to Sell Now
    • Stock Market Predictions
    • Technology Stocks
    • Best REITs to Buy Now
    • IPO Stocks
    • Penny Stocks
    • Dividend Stocks
    • Cryptocurrencies
    • Cannabis Investing
    • Angel Investing
  • Trade
    • How to Trade Options
    • Best Trades to Make Now
    • Options Trading Strategies
    • Weekly Trade Recommendations
  • Retire
    • Income Investing Guide
    • Retirement Articles
  • More
    • Money Morning LIVE
    • Special Investing Reports
    • Our ELetters
    • Our Premium Services
    • Videos
    • Meet Our Experts
    • Profit Academy
Login My Member Benefits Archives Research Your Team About Us FAQ
  • Invest
    • Best Stocks to Buy
    • Stock Forecasts
    • Stocks to Sell Now
    • Stock Market Predictions
    • Technology Stocks
    • Best REITs to Buy Now
    • IPO Stocks
    • Penny Stocks
    • Dividend Stocks
    • Cryptocurrencies
    • Cannabis Investing
    • Angel Investing
    ×
  • Trade
    • How to Trade Options
    • Best Trades to Make Now
    • Options Trading Strategies
    • Weekly Trade Recommendations
    ×
  • Retire
    • Income Investing Guide
    • Retirement Articles
    ×
  • More
    • Money Morning LIVE
    • Special Investing Reports
    • Our ELetters
    • Our Premium Services
    • Videos
    • Meet Our Experts
    • Profit Academy
    ×
  • Subscribe
Enter stock ticker or keyword
×
5 Ways to Beat the Fed (and Crush Inflation)

Email this Article

Send with mail | ahoo instead.
Required Needs to be a valid email
Required Needs to be a valid email
Dow Jones Now Flat After Stocks Leave the Index
https://moneymorning.com/?p=1167650
Required Please enter the correct value.
Twitter
Stocks: AMGN, CRM, HON

Dow Jones Now Flat After Stocks Leave the Index

By Garrett Baldwin, Executive Producer, Money Morning • August 26, 2020

Start the conversation

Comment on This Story Click here to cancel reply.

Or to contact Money Morning Customer Service, click here.

Your email address will not be published. Required fields are marked *

Some HTML is OK

Garrett BaldwinGarrett Baldwin

The Dow Jones now is flat after Salesforce.com Inc. (NYSE: CRM), Amgen Inc. (NASDAQ: AMGN), and Honeywell International Inc. (NYSE: HON) replace Exxon Mobil Corp. (NYSE: XOM), Pfizer Inc. (NYSE: PFE), and Raytheon Technologies Corp. (NYSE: RTX) on the index.

This week, the S&P 500 and Nasdaq reached milestones since hitting intraday lows in March. Gains are 57% and 72%, respectively. Read on to see what else is moving the Dow today.

First, here are the numbers from Tuesday for the Dow, S&P 500, and Nasdaq:

Index Previous Close Point Change Percentage Change
Dow Jones 28,248.44 -60.02 -0.21
S&P 500 3,443.62 +12.34 +0.36
Nasdaq 11,466.47 +86.75 +0.76

Now here's a closer look at today's most important market events and stocks. We'll also discuss the stories that slipped under the radar of the mainstream financial press on Wednesday.

The Top Stock Market Stories for Wednesday

  • Today, investors are cheering positive reports about trade relations between the United States and China. According to reports, the two nations have resumed talks about a trade deal. The two sides reportedly made "progress and are committed to taking the steps necessary to ensure the success" of a phase one trade deal.

Unstoppable: Our new Premium Stock Pick kept climbing while the rest of the market tanked. And as a leader in a new billion-dollar market, the gains are just getting started. Don't miss out - get this pick for free here...

  • Meanwhile, investors are reacting positively to the shakeup on the Dow Index. Yesterday, Salesforce.com (NYSE: CRM), Amgen Inc. (NASDAQ: AMGN), and Honeywell International Inc. (NYSE: HON) replaced three companies on the index - Exxon Mobil Corp. (NYSE: XOM), Pfizer Inc. (NYSE: PFE), and Raytheon Technologies Corp. (NYSE: RTX). The news hit XOM stock as shares fell by more than 3.1%. Exxon had been a member of the Dow for almost 100 years.
  • Johns Hopkins University reports that the number of U.S. COVID-19 cases has now topped 5.7 million, with Brazil now sitting at 3.6 million. However, the virus appears to be in retreat as case numbers fall across the country. It has been nearly eight months since scientists first identified the virus, and they are still learning how it impacts the human body.

Stocks to Watch Today: DAL, AAL, CRM, AZN

  • Shares of Salesforce.com (NYSE: CRM) rallied more than 13% after the company shattered earnings expectations on Tuesday. The firm also topped expectations by issuing a very positive forward guidance report. CRM reported earnings per share for the June-ending quarter of $1.44, a figure that shattered Wall Street consensus of $0.67. Meanwhile, revenue of $5.15 billion easily beat forecasts.
  • Shares of AstraZeneca Plc. (NYSE: AZN) are on the move after the biotech giant reported the start of its phase 1 clinical trial for AZD7442, a new preventative treatment for COVID-19. The company is already developing a potential vaccine with the University of Oxford. The new trial will include at least 48 healthy participants in the United Kingdom. The participants will range in age between 18 and 55.
  • Finally, airlines are now planning to make severe cuts to their workforces. Delta Air Lines Inc. (NYSE: DAL) has announced plans to furlough at least 1,941 pilots in October if it cannot reach an agreement with the labor union. The company had previously warned about even more furloughs during the summer. Meanwhile, American Airlines Group Inc. (NASDAQ: AAL) is set to lay off at least 19,000 employees as COVID-19 continues to ravage the airline industry.

BUY THIS, NOT THAT: the Best (and Worst) Stocks in America

Money Morning's brand-new chief investment strategist is going live in his first-ever segment of BUY THIS, NOT THAT.

In 30 minutes or less, Shah Gilani is going to run through all 50+ stocks you should know about - for better or for worse.

Shah is not holding back; prices, tickers, and company names will be coming your way fast.

Be ready to take notes! Watch now...

Follow Money Morning on Facebook and Twitter.

Join the conversation. Click here to jump to comments…

Garrett BaldwinGarrett Baldwin

About the Author

Browse Garrett's articles | View Garrett's research services

Garrett Baldwin is a globally recognized research economist, financial writer, consultant, and political risk analyst with decades of trading experience and degrees in economics, cybersecurity, and business from Johns Hopkins, Purdue, Indiana University, and Northwestern.

… Read full bio

Login
guest
guest
0 Comments
Inline Feedbacks
View all comments
LIVE
Visit Money Morning Live


Latest News

January 19, 2023 • By Money Morning Stock Research Team

These Stocks Could Go To $0

January 9, 2023 • By Money Morning Stock Research Team

The Government Is Pouring $391 Billion Into These Stocks - Buy Now

December 27, 2022 • By Money Morning Staff Reports

6 IPOs in 2023 You Can’t Afford to Miss
Trending Stories
ABOUT MONEY MORNING

Money Morning gives you access to a team of market experts with more than 250 years of combined investing experience – for free. Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors.

QUICK LINKS
About Us COVID-19 Announcements How Money Morning Works FAQs Contact Us Search Article Archive Forgot Username/Password Archives Profit Academy Research Your Team Videos Text Messaging Terms of Use
FREE NEWSLETTERS
Total Wealth Research Power Profit Trades Profit Takeover This Is VWAP Penny Hawk Trading Today Midday Momentum Pump Up the Close
PREMIUM SERVICES
Money Map Press Home Money Map Report Fast Fortune Club Weekly Cash Clock Night Trader Microcurrency Trader Hyperdrive Portfolio Rocket Wealth Initiative Extreme Profit Hunters Profit Revolution Warlock's World Penny Nation Quantum Data Profits Live Trading Alliance Trade The Close Inside Money Trader Expiration Trader Vega Burst Trader Flashpoint Trader Darknet Hyper Momentum Trader

© 2023 Money Morning All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning.

Address: 1125 N Charles St. | Baltimore, MD, 21201 | USA | Phone: 888.384.8339 | Disclaimer | Sitemap | Privacy Policy | Whitelist Us | Do Not Sell My Info

wpDiscuz