Goldman to join Dow in biggest US index shake-up since 2004

clock

Goldman Sachs, Visa and Nike are to join the Dow Jones Industrial Average (DJIA) index later this month in the largest shake-up for almost a decade.

The three stocks will replace Bank of America, Hewlett-Packard and aluminum producer Alcoa, respectively, as of 23 September. The move will mark the first ‘three for three' change to the closely followed 30-stock index since April 2004. S&P Dow Jones Indices said the move was prompted by the latter trio's low stock prices, as well as a desire to diversify the index's industry group representation. The UK fund management industry typically uses the S&P 500 or other alternative benchmarks for US equity-focused vehicles, in part due to the perceived lack of diversification in the DJIA...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Economics

Early Powell departure could be an 'unexpected gift' for EMs

Early Powell departure could be an 'unexpected gift' for EMs

Trump claims he will replace chair sooner

Eve Maddock-Jones
clock 01 July 2025 • 3 min read
BoE's Andrew Bailey: Pick-up in inflation makes outlook uncertain

BoE's Andrew Bailey: Pick-up in inflation makes outlook uncertain

UK inflation at 3.4%

clock 27 June 2025 • 2 min read
Jerome Powell warns of long term inflation if Trump settles on higher tariffs indefinitely

Jerome Powell warns of long term inflation if Trump settles on higher tariffs indefinitely

Policies' economic impacts ‘uncertain’

Eve Maddock-Jones
clock 25 June 2025 • 3 min read
Trustpilot