Alcoa Dropped From Dow Jones Average

MGN Online

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Alcoa is one of three companies being replaced in the most widely known barometer of the U.S. stock market.

 
S&P Dow Jones Indices says it will replace  Alcoa with sneaker maker Nike, Hewlett-Packard with Visa, and Bank of America for Goldman Sachs in the first three-for-three change to the index since April 8, 2004.
 
The changes will become effective at the start of trading September 23.
 
S&P Dow Indices manages the average and says the changes won't disrupt the level of the index.
 
It says a push to diversify the sector and industry group representation of the index helped prompt the changes.
 
The Dow is made up of 30 stocks. A small committee decides which companies are added or dropped.
 
Alcoa is the north country's largest private employer. It operates two plants in Massena.
Sunday, October 26, 2014
, Watertown, NY

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