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Travelers, Cisco Dow Jones Industrial Components

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Travelers, Cisco Dow Jones Industrial Components

Business

Travelers, Cisco Dow Jones Industrial Components

Travelers, Cisco Dow Jones Industrial Components

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  • Transcript

Citigroup and General Motors officially are out of the world's most famous stock market index, the Dow Jones industrial average. The share price for each are down dramatically. They're being replaced by shares in technology giant Cisco and insurance company Travelers.

RENEE MONTAGNE, host:

And our last word in business today is a nod to the changes in the leading stock index. The word is below average. As of today, Citigroup and General Motors are out of the world's most famous stock market index, the Dow Jones Industrial Average. Both company's shares are down dramatically. They're being replaced by shares in technology giant Cisco and insurance company Travelers, both of which are much more valuable now.

But don't expect a spike in the Dow once these higher-priced stocks are factored in. Index managers have rejiggered the way they calculate the average, so the change, in and of itself, doesn't shake up the market too much.

And that's the business news on MORNING EDITION from NPR News. I'm Renee Montagne.

STEVE INSKEEP, host:

And I'm Steve Inskeep.

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