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Goldman Sachs, Nike and Visa added to the Dow


The S&P Dow Jones Indices announced Tuesday that it is dropping Alcoa, Hewlett-Packard and Bank of America from the Dow Jones industrial average.

Goldman Sachs, Visa, and Nike will be added to replace them.
According to the statement, the "index changes were prompted by the low stock price of the three companies slated for removal and the Index Committee's desire to diversify the sector and industry group representation of the Index."
 

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Have to keep the propped up for the sheep.


According to the statement, the "index changes were prompted by the low stock price of the three companies slated for removal and the Index Committee's desire to diversify the sector and industry group representation of the Index."
That's pretty funny. They did it to "diversify" the sector.hil:) So they replaced a financial, industrial, and consumer goods firms and replaced them with 2 financials and 1 consumer goods. Makes sense in a Obama sort a way:)sphss



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