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Current DateTime: 11:29:33 09 Nov 2009
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Current DateTime: 11:29:33 09 Nov 2009
LinksList Documentid: 30111251
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Impact of Index Changes on the Dow
Published: Monday, 8 Jun 2009 | 12:37 PM ET
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By: Ariel Nelson
Director of Market Data & Content Services

Today, Cisco [CSCO  Loading...      ()   ] and Travelers [TRV  Loading...      ()   ] replaced Citigroup [C  Loading...      ()   ] and GM [GMGMQ  Loading...      ()   ] on the Dow [.DJIA  Loading...      ()   ].  Here is a look back at the previous 10 changes to the Dow and what happened to the benchmark in the days leading up to and following the change.

>> Highest Yielding Stocks of the Dow

In the week leading up to today's change, the Dow gained 3.1% before falling this morning.  For the past 30 years and 10 changes, on average, the week before the update seems to be have been positive for the Dow.  The Dow has been up 1 month later only 50% of the time, but has been up 80% of the time 3 months after the change.

Dow Changes since 1979:

For the individual companies, there is less of a trend.  Kraft [KFT  Loading...      ()   ] clearly outperformed AIG [AIG  Loading...      ()   ] during the financial crisis, but Honeywell and Altria outperformed their replacements, Bank of America [BAC  Loading...      ()   ] and Chevron [CVX  Loading...      ()   ] in early 2008.

Previous Three Dow Changes:

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