Excerpt from CNBC quoting DataTrek’s Nick Colas:
…. “I think everyone knows the Dow is Boeing, given the outsize weighting of Boeing in the Dow,” said Wall Street veteran Nick Colas, co-founder of DataTrek Research. “It’s just very hard to make that 30-stock index work when one of those stocks is under so much pressure”….
Read the full article here on CNBC!