Via CNBC’s Carl Quinatinilla there’s a shakeup at the Dow Jones Industrial average
Breaking: Goldman Sachs, Nike, Visa to be added to Dow Jones Industrials. $USGS $USNKE $USV
Alcoa, Bank of America, Hewlett-Packard to be removed from Dow Jones. $USAA $USBAC $USHPQ
All these moves make sense.
BofA and HP are fallen stars, and Alcoa is increasingly an irrelevancy.
Meanwhile, Nike is one of the most amazingly durable brands in the world. Visa and Goldman are two of the pillars of the modern financial system.