The Dow Curse -- Investor Insights from Glen Eagle

The Dow Curse

February 26, 2024

Enjoy this week's "Investor Insights," a weekly newsletter highlighting the financial news you need and providing tips and tricks to help you make better investment decisions.

Today, Amazon replaces Walgreens Boots Alliance in the Dow index. This may not be good for the stock, however, since analysis shows that stocks added to the Dow since 2000 have, on average, underperformed the S&P 500 by 13.83% in the following year. _*1

Nvidia's market value skyrocketed from $600 billion to $2 trillion in a year, making it the third most valuable U.S. company. The company now generates revenue of $22.1 billion compared to just $6.0 billion last year. ₂

Over the past year, automobile maintenance and repair costs increased by 6.5%, and insurance costs skyrocketed by 20.6%. It now costs an average of $12,182 annually to own and operate a new car. ₃

January's Consumer Price Index (CPI) came in higher than expected on nearly every metric, but there was a silver lining. Core CPI declined for the tenth consecutive month, dropping to 3.87% from a peak of 5.56% in April 2023, a pattern not seen since March-December 1975. ₃

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Barrons - "Amazon Stock Joins the Dow Club. It Could Pay a Price."
WSJ - "The Meteoric Rise of Nvidia, in Five Charts."
MFS - "Beyond the News"

*Past performance is not indicative of future performance

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Disclosure: This information is furnished for the use of Glen Eagle Advisors, LLC, Glen Eagle Wealth, LLC, and their clients and/or contacts. It does not constitute the provision of investment advice to any person. It is not prepared with respect to the specific objectives, financial situation, or particular needs of any specific person. Investors reading this commentary should consult with their Glen Eagle representative/financial advisor regarding the appropriateness of investing in any securities or adapting any investment strategies discussed or recommended in this newsletter.

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