Stocks open higher; Exxon falls after getting boot from Dow
NEW YORK (AP) — Stocks are opening mostly higher on Wall Street Tuesday, sending the S&P 500 index up 0.1%. Exxon Mobil fell 1% after getting booted from the Dow Jones Industrial Average. The energy company was dropped from the 30-stock index late Monday along with Pfizer and Raytheon. They will be replaced by Salesforce.com, Amgen and Honeywell. Exxon was the longest-running member of the Dow, having been added in 1928. The changes were brought on by a 4-for-1 stock split by Apple, which also goes into effect next Monday along with the changes to the Dow roster. Treasury yields rose.
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