Stock Exchange: American supplier Nike to join Dow Jones, on the 23/09/2013

American sports brand Nike has joined the DJIA (Dow Jones Industrial Average), NYSE (New York Stock Exchange) index, as of the 23/09/2013. It replaces aluminium producer Alcoa. Goldman Sachs group and Visa credit cards are also joining the index, replacing Bank of America and computer manufacturer HP (Hewlett-Packard).

The changes will come into force on 20/09/2013, after closing, and will be effective on the opening of the 23/09/2013, said index company S&P Dow Jones Indices.

"Nike is a world famous consumer products company. The ultimate goal is to bring together 30 top US representatives companies," said David Blitzer, chairman of S&P Dow Jones Indices.

• The Dow Jones, established in 1896, is the oldest stock market index in the world.
• It includes 30 stocks and is weighted by price and not by the stock market capitalization of companies, as it is the case for the CAC-40 (Paris) or the FTSE 100 (London).
• "Changing three actions in the index is not an investment advice. This is done to improve the index, and make it more representative of the overall market," said David Blitzer.
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