Nvidia (NVDA) will replace rival chipmaker Intel (INTC) in the Dow Jones Industrial Average, S&P Dow Jones Indices announced late Friday. Sherwin-Williams (SHW) will step in for Dow Inc. (DOW). The changes will take place before the open on Friday, Nov. 8.
Nvidia stock rose modestly Friday night, while Sherwin-Williams rose solidly. Intel stock and Dow Inc. fell slightly.
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Separately, Vistra Corp. (VST) will replace AES Corp. (AES) in the Dow Jones Utility Average on Nov. 8. Vistra, the S&P 500’s top performer in 2024, reports earnings next week. VST stock edged higher late.
Meanwhile, Chewy (CHWY) will replace Stericycle (SRCL) in the S&P MidCap 400 before the open on Wednesday, Nov. 6. Waste Management (WM) is about to close its Stericycle takeover.
Chewy stock jumped Friday night.
Nvidia’s Dow Entrance Long-Speculated
Nvidia joining the Dow Jones has been speculated for several months, as the AI chip leader skyrocketed. In June, Nvidia stock split 10-for-1, heightening Dow Jones buzz. The price-weighted Dow doesn’t want high-priced stocks that swing the indexes with modest percentage moves.
Please follow Ed Carson on Threads at @edcarson1971 and X/Twitter at @IBD_ECarson for stock market updates and more.
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