Monday, February 11, 2008

A Change In The Dow Jones

The Dow Jones Industrial Average, one of the most closely watched stock indices in the US, is adding two new components to reflect changes in the US economic structure. Bank of America, symbol BAC, the world's biggest bank by market cap, and Chevron Corp, symbol CVX, one of the largest oil companies in the world, will be added to the 30-member index of blue chip stocks. This is the first change in the Dow Jones Industrial since 2004.

The tobacco company Altria, symbol MO, and diversified manufacturer Honeywell International, symbol HON, were both removed from the index to make room.

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