Posted on | September 10, 2013 | No Comments
Wall Street Journal ^ | 9/10/2013
Alcoa Inc., Hewlett-Packard Co. and Bank of America Corp. will be dropped from the Dow Jones Industrial Average next week, in the biggest shake-up of the 30-stock index in almost a decade. Alcoa, a Dow component for 54 years, will be replaced by athletic gear maker Nike Inc. Payments company Visa Inc. will replace H-P, which joined the index in 1997, and securities firm Goldman Sachs Group Inc. will supplant Bank of America, which spent five years in the blue-chip benchmark. The changes, which will take effect with the close of trading on Sept. 20, reflect the companies’ sliding fortunes…
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