Goldman, Nike and Visa To Join Dow Jones Index On 23rd Sep Reshuffle

In the biggest shake-up of the Dow Jones industrial average in nearly a decade, Goldman Sachs, Visa and Nike will join the storied 30-stock index, with Bank of America (NYS:BAC), which just two years ago was the largest U.S. bank by assets, one of the names exiting the Dow.

The three newcomers – an investment bank, credit card payment processor and apparel company, respectively – will also replace Alcoa (NYS:AA), in the index since 1959, and Hewlett-Packard Co (NYS:HPQ).

The changes will take effect at the opening of trading September 23, said S&P Dow Jones Indices, whose index committee makes decisions on the make-up of the average.

Yahoo Finance

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Mingze Wu

Mingze Wu

Currency Analyst at Market Pulse
Based in Singapore, Mingze Wu focuses on trading strategies and technical and fundamental analysis of major currency pairs. He has extensive trading experience across different asset classes and is well-versed in global market fundamentals. In addition to contributing articles to MarketPulseFX, Mingze centers on forex and macro-economic trends impacting the Asia Pacific region.
Mingze Wu