MSFT & INTC added to Dow. This has been a long time coming:
New Dow Industrial components
Out with Industrial" America and in with technology
By Emily Church, CBS MarketWatch
Last Update: 9:26 AM ET Oct 26, 1999 NewsWatch
NEW YORK (CBS.MW) -- The Wall Street Journal editors on Tuesday announced plans to change four of the 30 Dow Industrial components, effective Nov. 1.
Today on CBS MarketWatch
Dollar, bond woes persist
Lucent reaps 50 percent profit gain
TD Waterhouse-Tata link up in India
Microsoft, NTT DoCoMo in $1.9 billion joint venture
Deutsche Bank 9-month profit falls short of expectations
More top stories...
CBS MarketWatch Columns
Updated:
10/26/99 8:46:18 AM ET
The move is expected to have a dramatic increase on trading activity in the stocks as fund managers who track the Dow make the changes to their portfolios
Coming in are: Home Depot (HD: news, msgs), Intel Corp. (INTC: news, msgs), Microsoft (MSFT: news, msgs) and SBC Communications (SBC: news, msgs).
Going out are: Chevron (CHV: news, msgs), Goodyear Tire & Rubber (GT: news, msgs), Sears, Roebuck (S: news, msgs), Union Carbide (UK: news, msgs).
"The changes we are announcing today will make the Dow Jones Industrial Average even more representative of the evolving U.S. economy, as the Average--and the nation--enter a new century," said Paul Steiger, managing editor of the Journal in a statement.
The move also marks the first time that Nasdaq stock market stocks have been included in the Dow 30.
|
