The Dow needs Nvidia to give chipmakers representation in index after Intel's plunge
At around $23 a share, Intel is no longer a viable member of the Dow Jones Industrial Average.That was the conclusion of the S&P Dow Jones committee, which decides when changes need to be made to the 30-member index, long viewed as a key barometer of the U.S. economy.After markets closed on Friday, S&P said Intel is out. It's being replaced, on Nov. 8, by rival chipmaker Nvidia, which has ballooned to become the world's second most-valuable public company, just a hair behind Apple as of Monday.With the chan ...