The Dow Jones Industrial Average Changes Forever Today: Google Parent Alphabet Is In, Verizon Is Out, and a Longtime Component Is on Thin Ice
This marks the 54th time since the Dow's inception more than 130 years ago that companies have been added or removed from the index.
Overview
For more than 130 years, the Dow Jones Industrial Average (DJINDICES: ^DJI) has served as one of Wall Street's most trusted barometers. What was once a 12-stock index dominated by industrial companies in the late 1890s is now comprised of 30 multinational businesses from a variety of sectors.
Change is part of the Dow's storied history -- and today, June 29, features the 54th time since its inception that companies will be added or removed. Telecom titan Verizon Communications (NYSE: VZ) is being shown the door, Google parent Alphabet (NASDAQ: GOOGL)(NASDAQ: GOOG) is being added, and the Dow's biggest laggard, Nike (NYSE: NKE), is officially on notice.
Image source: Getty Images.
Details
Source
Originally published at www.fool.com.
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