Dropped from the Dow
Posted at 8:20 AM on February 11, 2008
by Bob Collins
Quite a slap in the face was delivered to a former Minnesota company today, when Honeywell was removed from the prestigious 30 Dow Jones Industrials.
Chevron and Bank of America were added in place of Honeywell, and Altria, the tobacco company.
Honeywell is being dropped because it is the smallest of the industrials in terms of revenue and earnings. It is also reflective of the fact the U.S. economy isn't as much about industrials anymore.