Dow Jones Changes Up Index
STEVE INSKEEP, HOST:
NPR's business news begins with new players on the Dow.
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INSKEEP: We're talking about the Dow Jones Industrial Average, a list of 30 major companies that is used to track the broader economy - one of several such indexes. The Dow is swapping out three of its blue chip companies in what's being called the biggest shake up of the list in almost a decade.
Gone from the index at the end of next week will be Hewlett Packard, goodbye; Alcoa, gone; Bank of America, gone. Sliding into their places: Visa, Nike and Goldman Sachs. This change is the result of the low stock prices of the companies being dropped, as well as a push to include a more diverse mix of firms. Transcript provided by NPR, Copyright NPR.