Dow makes a virtual nod toward progress; The new Dow 30 AlliedSignal Alcoa American Express AT&T Boeing Caterpillar Citigroup Coca-Cola DuPont Eastman Kodak Exxon General Electric General Motors Hewlett-Packard Home Depot Intel IBM International Paper J.P. Morgan Johnson & Johnson McDonald's Corp. Merck & Co. Microsoft 3M Philip Morris Procter & Gamble SBC Communications United Technologies Wal-Mart Stores Walt Disney

The Milwaukee Journal Sentinel | November 1, 1999| | Copyright

A new Dow dawns this morning.

The Dow Jones Industrial Average, the most widely followed indicator of the health of the U.S. stock market, has been gussied up for the new millennium.

As of today, four of America's corporate giants of the 1950s and '60s have been dropped from the 30 companies whose unweighted stock prices make up the average. They are Union Carbide, Chevron, Goodyear Tire & Rubber and Sears.

In their place have been inserted four up-and-comers of the 1990s: Microsoft, Intel, Home Depot and SBC Communications.

As the oldest surviving stock index -- it was begun ...

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