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Dow Jones Industrials ReShuffling

Posted By Barry Ritholtz On April 1, 2004 @ 9:16 am In Finance | Comments Disabled

Dow Jones shuffle:

AT&T, Eastman Kodak and International Paper out.

Dow Jones Adds AIG, Pfizer, Verizon To DJIA
(Effective April 8, 2004)

Recall we predicted Kodak was out back on September 26, 2003 [1].

There were two big surprises in this reshuffling:

· First, swapping Verizon for AT&T. (SBC is already there, but it shows you the strength of VZ, and the damage to Telephone from Michael Armstrong’s disasters stewardship);

· Second, there were no big tech stocks added: No Cisco Systems, no Dell Computer, no Applied Materials.

Fascinating stuff


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[1] September 26, 2003: http://bigpicture.typepad.com/comments/2003/09/kodak_buhbye.html

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