Changes for Dow Jones industrial average

Bank of America Corp. and Chevron Corp. will replace Altria Group, Inc., and Honeywell International, Inc., in the Dow Jones Industrial Average, effective February 19, Dow Jones & Company announced.
The changes are the first in the 111-year-old stock index since April 8, 2004, when three stocks out of 30 were replaced.
"The catalyst for these changes is the restructuring in progress at Altria, which will result in a much smaller and more narrowly focused company," said Marcus W. Brauchli, managing editor of The Wall Street Journal.
The Journal's top news editor oversees the makeup of "The Dow," which Charles H. Dow created as a 12-stock index in May 1896 and today is the best-known stock-market barometer in the world.
"As usual when we make any change we review all the stocks," Mr. Brauchli said. "In doing so, we saw that the financials industry was under-represented - notwithstanding the current turbulence - and that the oil and gas industry's growing importance to the world economy called for another representative to join ExxonMobil Corp," he said.
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