The Dow Jones, 30 stocks which represent a cross section of American business has a few new players this week. Managed by the editorial board of the Wall Street Journal, it is considered one of the best metrics for the US Stock Market., and it now includes Cisco Systems. In what is clearly a changing of the guard, they are replacing General Motors, which was dropped after filing for bankruptcy this morning. Travelers Insurance also replaced struggling Citigroup.
Will this be the last of the changes? I doubt it. Although it takes a long time to earn a spot on this prestigious list, it is only natural that as more of our economy becomes based on technology and the internet, I expect we will see more changes more in the make up of the Dow Jones. In the not to distant future, it is possible we will see software-as-a-service and infrastructure-as-a-service based companies joining the Dow as well.
Will this be the last of the changes? I doubt it. Although it takes a long time to earn a spot on this prestigious list, it is only natural that as more of our economy becomes based on technology and the internet, I expect we will see more changes more in the make up of the Dow Jones. In the not to distant future, it is possible we will see software-as-a-service and infrastructure-as-a-service based companies joining the Dow as well.
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