Last June, at the height of the Black Lives Matter riots, Foot Locker CEO Richard Johnson penned a letter committing the company to $200 million over the next five years to fight racial injustice. But that woke commitment didnât make it to those who looted the Foot Locker stores on Sunday night in Brooklyn Center, Minnesota, in the wake of another police shooting.
Several businesses around the Brooklyn Center Walmart are completely destroyed. Police rolled up and made some arrests as young men ran from buildings carrying stolen goods. Foot Locker, T Mobile, and a New York menâs clothing store all completely destroyed. pic.twitter.com/d9i9BfB6Yzâ Liz Sawyer (@ByLizSawyer) April 12, 2021
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Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date.
What Happened? On this day in 1997,
Walmart Inc (NYSE: WMT),
Johnson & Johnson (NYSE: JNJ),
Travelers Companies Inc (NYSE: TRV) and
Hewlett Packard Enterprise Co (NYSE: HPE) joined the Dow Jones Industrial Average.
Where The Market Was: The S&P 500 traded at 795.71 and the Dow traded at 6,955.48.
What Else Was Going On In The World? In 1997, Princess Diana was killed in a car crash in Paris, France. The average cost of a new house was $124,100.
Modernizing The Dow: The 1997 shuffle of the Dow Jones Industrial Average components represented an updating of the index from the old industrial U.S. economy to the modern tech and healthcare-driven economy.