Cisco added to Dow

Cisco has been added to the Dow Jones Industrial Average, replacing GM. Travelers has also been added to the stock index, replacing Citigroup.

Cisco had been expected for months to replace a Dow component. The move means that Cisco, the tech bellwether with a market cap of $112 billion, is a stable and key indicator of the nation's and globe's economy.

Quoting a statement from Wall Street Journal Managing Editor Robert Thomson, the AP said Cisco was added to the Dow because its products are "vital to an economy and culture still adapting to the Information Age - just as automobiles were essential to America in the 20th Century." It may also signal the increasing influence of tech stocks in the Dow.

GM, which had been one of the index's 30 blue chip stocks for 83 years, was removed after filing for Chapter 11 today. Citigroup was removed because it is undergoing a significant restructuring following the credit crisis, which precipitated the current economic recession.

The U.S. government will have a substantial stake in Citigroup after the restructuring.

The changes take effect June 8.

Join the newsletter!

Error: Please check your email address.
Rocket to Success - Your 10 Tips for Smarter ERP System Selection

Tags dow jonescisco

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Jim Duffy

Network World
Show Comments

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Sarah Ieroianni

Brother QL-820NWB Professional Label Printer

The print quality also does not disappoint, it’s clear, bold, doesn’t smudge and the text is perfectly sized.

Ratchada Dunn

Sharp PN-40TC1 Huddle Board

The Huddle Board’s built in program; Sharp Touch Viewing software allows us to easily manipulate and edit our documents (jpegs and PDFs) all at the same time on the dashboard.

George Khoury

Sharp PN-40TC1 Huddle Board

The biggest perks for me would be that it comes with easy to use and comprehensive programs that make the collaboration process a whole lot more intuitive and organic

David Coyle

Brother PocketJet PJ-773 A4 Portable Thermal Printer

I rate the printer as a 5 out of 5 stars as it has been able to fit seamlessly into my busy and mobile lifestyle.

Kurt Hegetschweiler

Brother PocketJet PJ-773 A4 Portable Thermal Printer

It’s perfect for mobile workers. Just take it out — it’s small enough to sit anywhere — turn it on, load a sheet of paper, and start printing.

Matthew Stivala

HP OfficeJet 250 Mobile Printer

The HP OfficeJet 250 Mobile Printer is a great device that fits perfectly into my fast paced and mobile lifestyle. My first impression of the printer itself was how incredibly compact and sleek the device was.

Featured Content

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?