Goldman, Nike, Visa to join Dow; Alcoa, HP, BofA out
NEW YORK, Sept 10
NEW YORK, Sept 10 (Reuters) - Investment bank Goldman Sachs Group Inc., credit card company Visa Inc., and footwear Nike Inc. will join the blue chip Dow Jones Industrial Average, the index managers said Tuesday, replacing Alcoa Inc., Bank of America Corp. and Hewlett-Packard Co..
The changes will be effective with the opening of trading on Sept. 23, S&P Dow Jones Indices said in a statement.
The index changes were prompted by the low stock price of the three companies slated for removal and the index committee's desire to diversify the sector and industry group representation of the index.
The index includes 30 stocks.
- White House reverses, says Obama met uncle and lived with him during law school
- Flights delayed as air pollution hits record in Shanghai
- South Africa mourns Mandela, will bury him on December 15 |
- Analysis: Boeing bidders dangle goodies to win 777X jetliner
- RPT-UPDATE 1-Ford leans on global Mustang to burnish overseas image