IBM to remain in the Dow after Kyndryl is spun off

Published: Nov. 2, 2021 astatine 1:14 p.m. ET

Shares of International Business Machines Corp. are falling 0.7% successful day trading, arsenic the exertion institution is expected to implicit the spinoff of its managed infrastructure-service concern Kyndryl Holdings Inc. aboriginal this week. Despite the spinoff, which volition efficaciously little IBM's marketplace valuation and banal price, Big Blue volition stay a blue-chip company, arsenic S&P Dow Jones Indices said precocious Monday that IBM volition stay successful the Dow Jones Industrial Average aft the spinoff is effectual earlier Thursday's open. S&P Dow Jones Indices said it spinoff won't disrupt the terms of the Dow, which is simply a price-weighted index,...