This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at http://www.bbc.co.uk/news/business-24043230
The article has changed 3 times. There is an RSS feed of changes available.
| Version 0 | Version 1 |
|---|---|
| Shake-up for Dow Jones industrial average | |
| (about 7 hours later) | |
| The Dow Jones industrial average, one of the world's best known measures of stock market performance, is having a revamp. | The Dow Jones industrial average, one of the world's best known measures of stock market performance, is having a revamp. |
| Alcoa, Bank of America and Hewlett-Packard are being dropped from the index of the top 30 US companies. | Alcoa, Bank of America and Hewlett-Packard are being dropped from the index of the top 30 US companies. |
| From 23 September they will be replaced by Goldman Sachs, Nike and Visa. | From 23 September they will be replaced by Goldman Sachs, Nike and Visa. |
| It is a matter of corporate prestige to be part of the elite group of firms making up the index, often referred to as the Dow. | It is a matter of corporate prestige to be part of the elite group of firms making up the index, often referred to as the Dow. |
| A small committee decides which companies are added or dropped. | A small committee decides which companies are added or dropped. |
| The three firms chosen to leave have low share prices, leaving them with little influence on the overall index. | The three firms chosen to leave have low share prices, leaving them with little influence on the overall index. |
| The composition of the Dow has only been changed 49 times in its 117 year history. | |
| Kraft Food was the last firm to be removed back in September 2012, when it was replaced by UnitedHealth. | Kraft Food was the last firm to be removed back in September 2012, when it was replaced by UnitedHealth. |
| The changes will not make much difference to investors as the broader S&P 500 index is more closely watched by professionals and is used to form investment products. | The changes will not make much difference to investors as the broader S&P 500 index is more closely watched by professionals and is used to form investment products. |