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Article: dow jones to change the composition of the dow jones industrial average
- Article from:
- Al Bawaba
- Article date:
- February 12, 2008
CopyrightCopyright 2008 Al Bawaba. Provided by ProQuest LLC. (Hide copyright information)
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dow jones to change the composition of the dow jones industrial
average
Two 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 Journal. The Journal's top ...