MARKETS Major Shakeup at the Dow

Mr. Krabs is confused and so are we

Who’s in: Salesforce, the biotech Amgen, and manufacturing heavyweight Honeywell Who’s out: Exxon Mobil, pharma giant Pfizer, and defense company Raytheon The 30-stock index best known for being quoted by dads at breakfast tables is getting its biggest makeover in seven years...and it’s all Tim Cook’s fault. Last month, Apple said it would split its stock 4-to-1, which means its influence (and the role of the information technology sector as whole) would be significantly reduced in the Dow’s calculations, which gives companies with higher share prices more weight. The Dow’s overseers believe that weighting wouldn’t accurately reflect the composition of the American economy (which, you know, runs on a lot of tech), so they decided to bring the likes of Salesforce on board.  This is a big facepalm moment for Exxon, which was the world’s biggest company less than a decade ago and has been a proud Dow member for nearly 100 years. Looking ahead…the changes will go into effect next Monday.  biggest makeover facepalm moment