Adding Goldman, Nike, Visa Hurts Dow Average: Chart of the Day
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The Dow Jones Industrial Average’s reshuffling last year helps explain why the gauge has failed to keep pace with other U.S. stock benchmarks this year.
The CHART OF THE DAY compares the performance of three stocks that joined the Dow in September -- Goldman Sachs Group Inc., Nike Inc. and Visa Inc. -- with the shares they replaced. Each group is represented by a price-weighted index, the same method used to calculate the average.