Bank Of America CitiGroup Bad News
Unconfirmed word on the Street–Wall Street, is that Bank Of America and CitiGroup may be removed from the Dow Jones Industrial Average.
The Dow or DJI is one of several stock market indicators, created by Wall Street Journal editor and Dow Jones & Company co-founder Charles Dow during the 1800s. It is a way of showing how certain stocks have traded.
Dow compiled the index to gauge the performance of the industrial sector of the American stock market. After the Dow Jones Transportation Average, which Dow also created it is the second-oldest U.S. market index.
You would think after taking as much of our money as both Skank of America and Shiti-Group have taken they could hold onto their positions as leading indicators of the U.S. economy…
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