Changing industrials
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Traveler's -- the St. Paul-based (sort of) -- insurance company has made the big time. It has been added to the vaunted Dow Jones 30 industrials. It and Cisco have replaced the bankrupt General Motors and the teetering Citigroup.
Here's are the current "members" of the industrials:
3M
Alcoa Inc
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American Express Company
AT&T Inc
Bank of America Corporation
Boeing Co
Caterpillar Inc.
Chevron Corp
Cisco
E.I. du Pont de Nemours and Company
Exxon Mobil Corp
General Electric Company
Hewlett-Packard Co.
Intel Corporation
International Business Machines
Johnson & Johnson
JP Morgan & Chase & Co
Kraft Foods Inc.
McDonald's Corporation
Merck & Co., Inc.
Microsoft Corporation
Pfizer Inc
The Coca-Cola Company
The Home Depot, Inc.
The Procter & Gamble Company
Travelers
United Technologies Corporation
Verizon Communications
Wal-Mart Stores, Inc.
Walt Disney Company
There are no longer any automakers on the list.
Compare it to the 30 Industrials of 1979, with an abundance of oil and steel.
Allied Chemical
General Foods
Owens-Illinois Glass
Aluminum Company of America
General Motors Corporation
Procter & Gamble Company
American Can
Goodyear
Sears Roebuck & Company
American Telephone & Telegraph
Inco
Standard Oil of California
American Tobacco B
International Business Machines
Texaco Incorporated
Bethlehem Steel
International Harvester
Union Carbide
Du Pont
International Paper Company
United Technologies Corporation
Eastman Kodak Company
Johns-Manville
U.S. Steel
Exxon Corporation
Merck & Company, Inc.
Westinghouse Electric
General Electric Company
Minnesota Mining & Manufacturing
Woolworth
