Monday, August 31, 2020

Dow's newest stocks leave their predecessors behind

The Dow Jones Industrial Average’s three newest members have the potential to bolster its performance, if recent history is any guide. All three outdid their predecessors after the Dow’s components changed in June 2018, according to data compiled by Bloomberg. Inc. set the pace by more than doubling, largely because of a well-received earnings report last week. Amgen Inc. and Honeywell International Inc. also gained. Among the companies they replaced, only Pfizer Inc. rose for the period. Exxon Mobil Corp. and Raytheon Technologies Corp. posted losses.

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