Monday, June 1, 2009
The Dow Jones industrial average is adding Travelers Cos. and Cisco Systems, dropping Citigroup and General Motors.
The announcement regarding changes to the 30 stocks that make up the best-known barometer of Wall Street comes as GM enters bankruptcy protection.
Dow Jones says Travelers, the property and casualty insurer and one-time division of Citicorp, would replace its former parent. Cisco, which makes computer networking gear, is filling the role left by GM after 83 years as part of the Dow.
The changes take effect June 8.