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Article: dow jones to change the composition of the dow jones industrial average.
- Article from:
- Albawaba.com
- Article date:
- February 12, 2008
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dow jones to change the composition of the dow jones industrial averageTwo Component Stocks Will Be Replaced
Bank of America Corp. and Chevron Corp. will replace Altria Group, Inc., and Honeywell International, Inc., in the Dow Jones Industrial Average, effective with the opening of trading on February 19, Dow Jones & Company announced.These changes are the first in the 111-year-old stock index since April 8, 2004, when three stocks out of 30 were replaced."The catalyst for these changes is the restructuring in progress at Altria, which will result in a much smaller and more narrowly focused company," said Marcus W. Brauchli, managing editor of The Wall Street ...