Bank of America and Chevron have been selected as new constituents of the Dow Jones Industrial Average in the first changes to the stock index since 2004. The new members of the benchmark, which dates to 1896, replace Altria and Honeywell from next week.
But US pundit Jim Crammer is not impressed. He thinks the Dow should look more like the US economy, better reflecting natural resource companies, the growing importance of exporters and the decline in size of the financial sector.