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.
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