Business

Dow boots BofA, HP for Goldman, Visa and Nike

In the biggest shake-up of the Dow Jones industrial average in nearly a decade, Goldman Sachs, Visa and Nike will🎃 join the storied 30-stock index, with Bank of America, which just two years aꦑgo was the largest US bank by assets, one of the names exiting the Dow.

The three newcomers — an investment bank, credit-card payment processor and apparel company,🎃 respectively — will also replace Alcoa, in the index since 1959, and Hew🌠lett-Packard.

The changes will take effect at the opening of trading Sept. 23, said S&P Dow Jones Indices, whose index committee makes decisions on the make-up of the 🙈average.

With the changes, the committee again passed on a chance to include pricey stocks Apple and Goog🌸le, the first- and third-largest US companies by market value. Apple stock trades above $500, and Google closed Monday above $888.

After the🎶 announcement, Visa shares rose 2.9 percent at $183.68, Goldman rose 3.6 percent to $165.21 and Nike added 1.7 percent to $66.51 after earlier hitting $66.98, a record high.