Beginning on September 23, 2013, The Dow Jones Industrial Average currently consists of the following 30 major American companies:
Posted on 09/10/2013 7:25:32 AM PDT by SeekAndFind
Dow Jones Industrial Average has planned adding Goldman Sachs, Visa and Nike. The index will also remove Hewlett-Packard, Bank of America and Alcoa. Investment bank Goldman Sachs would benefit from the addition to the stock index.
The changes will be implemented from September 23. Dow Jones includes 30 stocks and gives an indication of the better performing companies in the stock market.
The three companies to be removed from the index were trading low on the stock markets. The stocks have underperformed the market.
Goldman Sachs stock was up by 2.3 percent in premarket trading. Visa and Nike both were trading with gain of nearly two percent.
The news is all over the business pages:
Wow.
Alcoa not in the 500.
RE: Alcoa not in the 500.
They have not been dropped by S&P, they’ve been dropped by the Dow, which is an index of just 30 companies.
Sheesh! They import shoes and athletic wear made in China, Bangalidesh, Vietnam, and Malasia, and charge $300 for a pair of $6.00 shoes. Their entire overheads consist of marketing costs, sponsorship deals, and a spiffy distribution hub.
Nike is a plague on America and defines what is wrong with it. BTW, the people who can least afford the $300 a pair shoes are the ones doing all the buying. The food stamps free up the other cash.
They’ve “underperformed the market”. Doesn’t that sort of imply the DJI is manipulated just a little?
RE: How can financial institutions be considered industrial?
Maybe because they invest in industrial companies?
The Dow can easily continue to rise in the Obama depression - they’ll just keep dropping companies that no longer own enough of government to demand monopolistic preferences.
On the other hand, maybe we should give Nike credit - they are a spectacularly successful method of taking our money back from the moochers and redistributing it into the real economy. :)
Well, they also invest in transportation companies, so shouldn't they be included in the Dow Jones Transportation Average? Oh, and I bet they also invest in energy companies, so shouldn't they also be in the Dow Jones Utility Average?
/sarc
RE: So they put the company that grew Jon Corzine on the DJ Index.
Many of our Treasury Secretaries and those in charge of our economy are GS alumni.
Robert Rubin, Hank Paulson, Gene Sperling, Larry Summers come to mind.
And let’s not forget Rahm Emanuel - Mayor of Chicago, former Chief of Staff to Barack Hussein Obama. He’s a Goldie alumni too.
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