Wednesday☕️

21 Feb 2024 — 4 min read

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CENTOM Activity:

On February 19, CENTCOM reported two anti-ship ballistic missiles fired from Yemen towards the M/V Sea Champion, a U.S.-owned grain carrier, causing minor damage. Additionally, a missile launcher in Yemen was destroyed by CENTCOM. Another missile launched that evening didn't hit any vessels. An unmanned aerial vehicle (UAV) also targeted the M/V Navis Fortuna, a U.S.-owned bulk carrier, causing minor damage but no casualties.
CENTCOM then took down a UAV prepared to launch at the Red Sea. Later, from the evening of February 19 to early February 20, U.S. and coalition forces downed 10 UAVs in the Red Sea and Gulf of Aden. Furthermore, the USS Laboon intercepted an anti-ship cruise missile aimed at it on February 20. These operations were aimed at neutralizing threats to U.S. Navy and merchant ships, ensuring the safety of navigation in international waters.

Amazon To Enter Dow Jones:

Amazon is set to join the Dow Jones Industrial Average (DJIA), replacing Walgreens Boots Alliance, as announced by S&P Dow Jones Indices. This change will take effect at the start of trading on February 26. The update reflects the evolving landscape of the American economy, aiming to broaden the representation of consumer retail and other business sectors within the DJIA.
This inclusion follows a decision by Walmart Inc., another DJIA member, to undergo a 3:1 stock split, which will lower its weight in the index due to its price-weighted nature but will not affect its presence in the DJIA. Additionally, Uber Technologies Inc. will replace JetBlue Airways Corp. in the Dow Jones Transportation Average, signifying a shift towards including the ride-sharing sector within the index.
The Dow Jones Industrial Average is one of the oldest and most well-known stock market indexes in the world. It tracks the performance of 30 large, publicly-owned companies trading on the New York Stock Exchange (NYSE) and the NASDAQ. The DJIA is often used as a barometer for the overall health of the United States stock market and the economy.

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