It has now been announced that Alco, Hewlett-Packard and Bank of America will be removed from the DOW Jones Industrials 30 stock index. (DJIA)
Alcoa will be replaced with Nike, Visa will replace H-P and Goldman Sachs takes the place of B of A as of September 20, 2013.
A statement the company released says that the companies fortunes and their declining share prices are reflective of the reasons they are being replaced.
What this indicates to us is that the DJIA is wanting to only reflect the successes on their average, instead of a broad view of the real makeup of the countries' stocks, which is a little scary.
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