Dow Jones will make changes to the Industrial Average for the first time since 2004.
They have decided to add:
Chevron Texaco - which was taken out of the average in 1999...now back in...probably at the top of Oil prices...
Bank of America - adding a financial, probably at an opportune time.
In exchange, they are taking out:
Honeywell - the smallest of the Dow companies...
Altria (Philip Morris) - probably about time for this one to be taken out.
Monday, February 11, 2008
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