Goldman, Nike and Visa to join Dow Jones as leading US index is shaken up
It's all change in the leading US index, the Dow Jones Industrial Average. The Dow says that the changes made are based on the shift in industry representations and the low stock values of departing companies.
Breaking: Goldman Sachs, Nike, Visa to be added to Dow Jones Industrials. $GS $NKE $V
— Carl Quintanilla (@carlquintanilla) September 10, 2013
Alcoa, Bank of America, Hewlett-Packard to be removed from Dow Jones. $AA $BAC $HPQ
— Carl Quintanilla (@carlquintanilla) September 10, 2013
That'll have a big impact on stocks in those companies – remember that a lot of investors in Dow Jones constituents are tracker funds.