Exxon Mobil, Pfizer, and Raytheon to be dropped from DowThe US Air Force has selected selects Raytheon Missiles & Defense to develop Long-Range Standoff Weapon. Some big names in the Dow Jones Industrial Average are slated to be dropped from the 30-company index. Exxon Mobil, Pfizer and Raytheon Technologies will be replaced before trading opens next Monday by Salesforce.com, Amgen and Honeywell International, S&P Dow Jones Indices said late Monday. Exxon has been the longest-running member of the Dow. It was first added to the index in 1928 when the oil giant was still named Standard Oil of New Jersey.

Source: The Standard August 25, 2020 01:07 UTC