Alcoa dropped from Dow Jones index

Sep 10, 2013 | 05:25 PM | Everdeen Mason

Tags  Alcoa, aluminum, Dow Jones industrial index, Nike, Edward Meir, INTL FCStone, Bank of America, Hewlett-Packard Standard & Poor's

NEW YORK — Alcoa Inc. has been dropped from the Dow Jones industrial index after 54 years and has been replaced by Nike Inc., S&P Dow Jones Indices announced Sept. 10.

Analysts told AMM that the news had been expected for months as Alcoa makes up a small part of the market and focuses on international business.....

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