The Dow’s Changes Make Sense
It’s not often a change is made to the Dow Jones industrial average, and it’s even rarer to see three out of the 30 components replaced. This is what makes Tuesday’s announcement interesting. Goldman Sachs (GS), Visa (V) and Nike (NKE) will replace Bank of America (BAC), Hewlett-Packard (HPQ) and Alcoa (AA) after the close of trading on September 20, 2013. This is the first time three stocks have been replaced in the average since April 2004.