Apple ends winning streak | The Dow's big makeover | American Airlines job cuts

The Dow Jones Industrial Average fell on Tuesday as Apple shares declined for the first time in six sessions and traders assessed the market's recent run to all-time highs.

VIEW IN BROWSER | SUBSCRIBE TUE, AUG 25, 2020 EVENING BRIEF AS OF TUE, AUG 25, 2020 • 04:28 ET DJIA 28248.44 -0.21% -60.02 S&P 500 3443.62 +0.36% +12.34 NASDAQ 11466.47 +0.76% +86.75   Most Active DOW NAME LAST CHG %CHG AAPL 499.30 -4.13 -0.82% INTC 49.43 +0.29 +0.59% BA 174.73 -3.54 -1.99% S&P 500 NAME LAST CHG %CHG AAL 13.14 -0.30 -2.23% GE 6.59 -0.04 -0.60% BAC 26.00 +0.31 +1.21% NASDAQ NAME LAST CHG %CHG AAL 13.14 -0.30 -2.23% AAPL 499.30 -4.13 -0.82% AMD 86.35 +3.27 +3.94%   EDITOR'S NOTE The Dow Jones Industrial Average is getting a makeover at the end of the month.   On Aug. 31, shares of Exxon Mobil, Pfizer and Raytheon Technologies will be replaced by Salesforce.com, Amgen and Honeywell International. These changes will mark the first time since 1928 that Exxon Mobil won't be part of the Dow in any way. The stock was first included in the average nearly 100 years ago, when it was known as Standard Oil.   The shake-up comes on the heels of Apple's 4-for-1 stock split, which also takes effect at the end of the month. In a statement, S&P Dow Jones Indices said the moves "help diversify the index by removing overlap between companies of similar scope and adding new types of businesses that better reflect the American economy." Shares of the outgoing Dow members fell after the announcement while the newcomers rose. Salesforce gained more than 3% along with Honeywell, while Amgen jumped over 5%. Exxon Mobil dropped over 3% and Pfizer slid more than 1%. Raytheon was also down.   The declines by Exxon, Pfizer and Raytheon contributed to the Dow's lackluster performance Tuesday along with Apple snapping a five-day winning streak. The Dow fell, ending a string of three consecutive gains. The S&P 500, meanwhile, eked out a fresh record high.   The removal of Exxon — the longest-serving Dow component — is a "sign of the times," according to Raymond James, as the stock's performance has faltered along with the rest of the energy sector. This changing of the times is made even more evident by the outperformance of tech and software shares in recent years.   Subscribe to CNBC PRO for exclusive insights and analysis, and live business day programming from around the world. Fred Imbert | CNBC Markets Reporter @foimbert TOP NEWS  S&P 500 rises to another record, even as rally leader Apple snaps 5-day winning streak American Airlines is cutting 19,000 jobs when federal aid expires in October Exxon Mobil replaced by a software stock after 92 years in the Dow is a 'sign of the times' Here's why new cases of the coronavirus are down across most of the U.S. JPMorgan will have staff cycle between office and remote work in a move that may remake Wall Street Laszlo Birinyi, who first bought Apple in 1997, says the stock is still a buy and so is the market FDA chief walks back comments on effectiveness of coronavirus plasma treatment More pain ahead for landlords as restaurant bankruptcies poised to balloon in coming months Hope Hicks landed lucrative gigs after her first stint at the Trump White House Here's the speaker lineup for the second night of the Republican National Convention   TOP VIDEO Jim Cramer on Airbnb IPO: 'I think it'll be a steal'   CNBC PRO Missed the comeback? These stocks are due for a catch-up trade, according to Morgan Stanley   SPECIAL REPORTS Two stocks could be best Apple alternatives as iPhone maker hits records A permanent payroll tax cut could deplete Social Security trust funds by 2023   Unsubscribe Manage Newsletters Terms of Service Join the CNBC Panel Digital Products Feedback Privacy Policy   © 2020 CNBC LLC. All rights reserved. A property of NBCUniversal. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632 Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes and Market Data and Analysis. Data also provided by THOMSON REUTERS