Meet the Servicey New Dow

Goodbye, Makers

In its biggest shakeup in nearly a decade, the elite Dow Jones industrial average booted manufacturers and welcomed companies that specialize in services and assembly. Daniel Gross on how the move reflects the new economy.

Published Sep. 10 2013 4:25PM EDT

articles/2013/09/10/meet-the-servicey-new-dow/130910-dow-jones-gross-tease_m345ul — Richard Drew/AP

On Tuesday, three big changes were made to the Dow Jones Industrial Average. Out went Bank of America, Hewlett-Packard, and Alcoa. In came Goldman Sachs, Visa, and Nike.

articles/2013/09/10/meet-the-servicey-new-dow/130910-dow-jones-gross-tease_s8doyl

The news was of more interest to students of finance history rather than to practitioners of finance.

Daniel Gross

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Meet the Servicey New Dow

In its biggest shakeup in nearly a decade, the elite Dow Jones industrial average booted manufacturers and welcomed companies that specialize in services and assembly. Daniel Gross on how the move reflects the new economy.

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Daniel Gross