On Aug. 31, shares of Exxon Mobil, Pfizer and Raytheon Technologies will be replaced by Salesforce.com, Amgen and Honeywell International. These changes will mark the first time since 1928 that Exxon Mobil won’t be part of the Dow in any way. The stock was first included in the average nearly 100 years ago, when it was known as Standard Oil.
American Airlines will cut 19,000 employees in October when federal aid that protected those jobs expires and as the coronavirus pandemic continues to devastate travel demand, the carrier said Tuesday.
Germany extended a program that has kept millions of people from losing their jobs to help Europe’s biggest economy recover from the coronavirus crisis.
Today’s Economic Data
13:30 (UK time): Durable Goods Orders (USD)
15:30 (UK time): Crude Oil Inventories (OIL)