Beaverton has a Dow Jones Company

KOIN News ‏@KOINNews 1m
Dow Jones industrial average adds Beaverton-based Nike as part of its index of America’s 30 top companies: http://www.koin.com/2013/09/10/dow-gets-makeover-adds-nike-stock/ …

 

Nike before Intel? Wow.

 

First, Intel isn't based in Oregon. Second, it's already part of the Dow.

 

schooled.

 

Nah, I was just clarifying it for you because you posed a legitimate thought.

 

I'm curious to watch this from a stock price standpoint.

Now that index ETFs are so huge, with billions and billions of dollars invested in them, when stocks are added or removed to/from the index, I would think that huge amounts of money have to flow into the new company stock and out of the old company stock. This isn't even a choice for investors, if they're purchasing index ETFs.

NKE opened at $66.82 this morning.

 

good point. Any clue what stock was removed from the index?

 

Bank of America, HP and Alcoa.

 

Visa, Goldman-Sachs, and Nike were added. Bank of America, Alcoa, and Hewlett-Packard were dropped.

 

Didn't VISA start of as a part of BofA? If so, it's an interesting example of company dynamism.

 

http://en.wikipedia.org/wiki/Visa_Inc.#History

you are correct sir! Very interesting indeed

 

Rumor is all of Wall Street is getting new facilities . . . but anyone using the facilities will have to wear Nike gear.