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Dow Index Promotes AIG, Pfizer, Verizon
by bucy at 1:33 pm EST, Apr 1, 2004 |
] NEW YORK (Reuters) - Dow Jones & Co. (DJ.N: Quote,
] Profile, Research) on Thursday dumped three of America's
] oldest companies from its benchmark Dow Jones industrial
] average, replacing them with firms it said reflected
] growth in the financial and health care sectors. Whoa... |
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RE: Dow Index Promotes AIG, Pfizer, Verizon
by dmv at 4:07 pm EST, Apr 1, 2004 |
bucy wrote:
] ] NEW YORK (Reuters) - Dow Jones & Co. (DJ.N: Quote,
] ] Profile, Research) on Thursday dumped three of America's
] ] oldest companies from its benchmark Dow Jones industrial
] ] average, replacing them with firms it said reflected
] ] growth in the financial and health care sectors.
]
] Whoa... Not very suprising. I think the Fool covered it well (http://www.fool.com/News/mft/2004/mft04040111.htm) -- "Replacing three companies worth $40 billion with three worth half a trillion makes some sense." I mean, is AT&T even still a phone company? For a while, it looked to be more cable than... |
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