Dow Drops Bank of America, Welcomes Goldman Sachshttp://www.fool.com/investing/general/2013/09/10/dow-drops-bank-of-america-welcomes-goldman-sachs.aspx Amanda Alix
September 10, 2013
The Dow Industrial Average (DJINDICES: ^DJI) has gained 0.45% by midmorning today, as markets relax on the news that Syria will likely surrender its chemical weapons to avoid an air strike by the U. S.
But that tidbit will be dwarfed by an even bigger announcement earlier today -- and much closer to home: The Dow will be replacing three components of its index with three new companies, commencing with the close of the Sept. 20 trading day.
Losers, and winners
What's behind this change-up? An article from The Wall Street Journal earlier today noted that the group that manages the Dow, the S&P Dow Jones Indices, co