Alcoa Inc., AA +1.98% Hewlett-Packard Co. HPQ +0.38% and Bank of America Corp. BAC +0.83% will be dropped from the Dow Jones Industrial Average next week, in the biggest shake-up of the 30-stock index in almost a decade.
Alcoa, a Dow component for 54 years, will be replaced by athletic gear maker Nike Inc. NKE +0.64% Payments company Visa Inc. V +1.05% will replace H-P, which joined the index in 1997, and securities firm Goldman Sachs Group Inc. GS +1.77% will supplant Bank of America, which spent five years in the blue-chip benchmark.
The changes, which will take effect with the close of trading on Sept. 20, reflect the companies’ sliding fortunes and their declining share prices, S&P Dow Jones Indices LLC, the company that oversees the Dow, said in a statement. Adapted from online.wsj.com
