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Originally Posted by Buehler445
That’s an interesting question. Do the Dow ETFsimmediately simp the stock? If so the ****er might go negative.
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The stocks joining were up 2-3% after hours the night of the announcement and the ones leaving the opposite. I'm sure it'll be some short term pressure but most ppl don't hold Dow based assets.
There has been a lot of talk that Teslas wild moves the last year are people trying to front run it possibly getting added to the S&P 500 if it were able to have a full year where it made an actual profit.
Which I think it did squeeze out a small full year profit with it's last earnings. Except Tesla would be the 7th largest holding rn if it joined, not no. 450 or 320 like normal. Almost 5 trillion is indexed to the S&P 500, I've no idea what would happen.