Cisco Joins The Dow

johnchambers handsup tbi

Dow Jones is shuffling the 30-stock Dow Jones Industrial Average: GM and Citigroup are out and Cisco and travellers are in.

Cisco, the Silicon Valley-based networking giant, joins other tech companies HP, IBM, Intel, and Microsoft, and AT&T and Verizon, the two biggest U.S. phone carriers.

Cisco is up 4.1% today while the NASDAQ is up 2.7%.

NOW WATCH: Tech Insider videos

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.