Nvidia shares surged after the chipmaker's better-than-anticipated earnings report, as its CEO said generative AI has hit a "tipping point".
Amazon (AMZN) is set to join the Dow Jones Industrial Average (^DJI), taking the place of Walgreens Boots Alliance (WBA) starting on February 26th. S&P Dow Jones Indices cited Walmart's (WMT) 3-for-1 stock split as one of the reasons behind the change. S&P Dow Jones Indices Senior Index Analyst Howard Silverblatt joins Yahoo Finance to give insight into the change and what it means for investors everywhere. Silverblatt elaborates on the reasoning for the change: "S&P does not change the index too often. It's been about 60 changes in 127 years, so change is a major item, a major consideration. At this point, the thinking... is obviously the economy and the markets have changed and we needed additional exposure and Amazon offers that exposure at this point in time. Also, Walgreens has somewhat declined in stock price so since its price-weighted, it doesn't have that much of an impact on there. If you wanted to stay in that field ,you'd have to find a higher priced stock in there. We also had Walmart's 3-for-1 stock split that reduced the weighting within the index. So again, the index needs to stay relevant and reflect the higher end of the US markets." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Nicholas Jacobino
In this piece, we will take a look at the 13 best momentum stocks to buy now. If you want to skip our overview of the different kinds of trading strategies and some latest stock market news, then you can take a look at the 5 Best Momentum Stocks To Buy Now. When it comes […]