As Citi and GM are on the edge of being kicked out of the Dow Jones industrial average; Google and Cisco are likely candidates to be added to the new Dow Jones index. Citi, once viewed as the most valuable US bank has traded below $1 a share in the recent week, bringing down the DJI average.
According to top financial analysts, Citigroup and automaker General Motors are the most likely companies to get replaced by more stable stocks.
The Dow Jones, or sometimes referred to "The Dow" is one of several stock market indicates, created by nineteenth-century Wall Street Journal editor and Dow Jones & Company co-founder Charles Dow. It is an index that shows how certain stocks have traded. Thin of it as an "average" or indicator to what US stocks are doing on any given day, hour, and so fourth. It is the second-oldest U.S. market index, after the Dow Jones Transportation Average, which Dow also created.