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Bank of America and Chevron Will Replace Altria and Honeywell in the Dow Jones Industrial Average
By JLP | February 11, 2008
From this Wall Street Journal article ($):
Dow Jones & Co. announced that Bank of America Corp. and Chevron Corp. will replace Altria Group Inc. and Honeywell International Inc. in its benchmark Dow Jones Industrial Average effective Feb. 19.
The change is the first in four years and reflects the index’s continued shift away from industrial firms and into other sectors such as energy and financial services.
The article goes on to mention that this will be the third time Chevron has been included in the index. It was last removed on November 1, 1999 when SBC, Home Depot, Intel and Microsoft were added.
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