NEW YORK (AP) — Nvidia is replacing Intel on the Dow Jones Industrial Average, ending a 25-year-run for a pioneering semiconductor company that has fallen behind as Nvidia cornered the market for chips that run artificial intelligence systems.
Paint-maker Sherwin-Williams will also replace chemical company Dow Inc. among the companies that make up the 30-stock average.
S&P Dow Jones Indices said Friday that the changes that take effect Nov. 7 “were initiated to ensure a more representative exposure to the semiconductors industry and the materials sector respectively.”
It added that because the Dow is price-weighted, “persistently lower priced stocks have a minimal impact.”
Dow Inc., a major producer of chemicals and plastics and unrelated to the similarly named company behind the index, has also been the smallest company on the Dow in terms of market capitalization.
In another index, the Dow Jones Utility Average, Texas-based energy company Vistra will replace Virginia-based AES Corp.
FILE -The logo of semiconductor chip maker Intel is pictured at the Paris games week in Paris, Nov. 4, 2017. (AP Photo/Christophe Ena, File)
MANCHESTER, England (AP) — Erling Haaland missed a penalty as Manchester City was held 1-1 by Everton in the Premier League on Thursday.
Haaland had the chance to set the four-time defending champion on course for only its second win in 13 games when stepping up for a 53rd minute spot kick at the Etihad Stadium. But he was denied by Everton goalkeeper Jordan Pickford as City's woeful recent run was extended.
Pep Guardiola's team has lost nine of its last 13 games in all competitions. The draw means City picked up only its fifth point in the league since the end of October.
Bernardo Silva's deflected shot gave City the lead in the 14th, but Iliman Ndiaye leveled the score in the 36th.
The result leaves City sixth in the standings and 11 points behind leader Liverpool, having played two games more.
Haaland missed penalty means the Norway international has only scored one in his last seven games. He headed in from the rebound, but the goal was ruled out for offside.
City's grip on its title was further loosened by more dropped points. Liverpool had the chance to extend its lead over the champion when playing Leicester in the later kick off.
James Robson is at https://twitter.com/jamesalanrobson
AP soccer: https://apnews.com/hub/soccer
Manchester City's Bernardo Silva, center, is congratulated after scoring his side's opening goal during the English Premier League soccer match between Manchester City and Everton at the Etihad stadium in Manchester, Thursday, Dec. 26, 2024. (AP Photo/Rui Vieira)
Manchester City's head coach Pep Guardiola sits on the bench prior to the English Premier League soccer match between Manchester City and Everton at the Etihad stadium in Manchester, Thursday, Dec. 26, 2024. (AP Photo/Rui Vieira)
Everton's Iliman Ndiaye celebrates scoring his side's first goal during the English Premier League soccer match between Manchester City and Everton at the Etihad stadium in Manchester, Thursday, Dec. 26, 2024. (AP Photo/Rui Vieira)
Everton's goalkeeper Jordan Pickford, center, reacts after saving a penalty kick by Manchester City's Erling Haaland during the English Premier League soccer match between Manchester City and Everton at the Etihad stadium in Manchester, Thursday, Dec. 26, 2024. (AP Photo/Rui Vieira)
Manchester City's Erling Haaland fails to score a penalty during the English Premier League soccer match between Manchester City and Everton at the Etihad stadium in Manchester, Thursday, Dec. 26, 2024. (AP Photo/Rui Vieira)
Manchester City's Erling Haaland reacts after failing to score a penalty shot during the English Premier League soccer match between Manchester City and Everton at the Etihad stadium in Manchester, Thursday, Dec. 26, 2024. (AP Photo/Rui Vieira)
