August 31, 2020 19:11 NYDT – The S&P composite index is experiencing its best run on gains since 1986 as the US Dollar slumps in its worst August in 5 years due to Federal Reserve rule changes on inflation.
Meanwhile, the DOW JONES Industrial composite index experienced its biggest shakeup in recent times through several replacement companies coming online officially today. A shakeup like this on the DOW has only happened 60 times since 1896.
Salesforce (CRM) replaces Exxon Mobil (EOM)
Amgen (AMGN) replaces Pfizer (PFE)
Honeywell (HON) replaces Raytheon (RTX)
Additional impacts to the DOW came from Walmart (WMT) as it is believed the company’s latest rally was dependent on the economic stimulus that appears to have dried up indefinitely @nyse.