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.
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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.
Emily Church is the New York bureau chief for CBS MarketWatch.
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