Tuesday, June 2, 2009

With GM Out, Who Gets a Spot in the Dow... and How? - The Plank

Today, General Motors (GM) filed for bankruptcy. As a result, starting on June 8, it will no longer be included in the Dow Jones Industrial Average (DJIA), the market index calculated from the stock prices of 30 of the largest, most widely held companies in the United States. GM's removal will mark the end of an impressive 83-year stretch in the DJIA. And it won't be exiting alone: Citigroup will also be kicked out of the index the same day. Replacing the two once-behemoths will be The Travelers Companies, Inc. and Cisco Systems, Inc.
With GM Out, Who Gets a Spot in the Dow... and How? - The Plank

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