Intel Stock Was Added To Dow Jones Index In 1999 – Here's How The Stock Has Performed Since
Portfolio Pulse from Chris Katje
Intel Corporation (NASDAQ:INTC) has underperformed since joining the Dow Jones Industrial Average in 1999, with its stock down 4.8% compared to a 283% rise in the SPDR Dow Jones Industrial Average ETF (NYSE:DIA). Intel's stock is also down over 50% year-to-date in 2024. Some experts suggest replacing Intel with NVIDIA in the Dow Jones due to Intel's stalled growth.
August 24, 2024 | 3:00 pm
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NEUTRAL IMPACT
The SPDR Dow Jones Industrial Average ETF has risen 283% since Intel joined the Dow Jones in 1999, highlighting Intel's underperformance.
The SPDR Dow Jones Industrial Average ETF's performance is used as a benchmark to highlight Intel's underperformance. However, the news does not directly impact the ETF's price.
CONFIDENCE 100
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Microsoft, which joined the Dow Jones alongside Intel in 1999, has posted strong returns, contrasting Intel's underperformance.
Microsoft's strong performance since joining the Dow Jones is mentioned to contrast with Intel's underperformance. The news does not directly impact Microsoft's stock price.
CONFIDENCE 100
IMPORTANCE 30
RELEVANCE 30
NEGATIVE IMPACT
Intel has underperformed since joining the Dow Jones in 1999, with its stock down 4.8% and over 50% year-to-date in 2024. Calls are growing to replace Intel with NVIDIA in the Dow Jones due to stalled growth.
Intel's stock has significantly underperformed both the technology sector and the Dow Jones Industrial Average since its inclusion in 1999. The stock's recent performance, down over 50% year-to-date in 2024, further highlights its struggles. The potential replacement of Intel with NVIDIA in the Dow Jones could negatively impact Intel's stock price in the short term.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100