DJIA: Changing of the guard

It’s hard to imagine the Dow Jones Industrial Average without Citigroup and General Motors. But financial hard times have rendered both nearly penny stocks, making their removal seem imminent. History suggests that their replacements will be exemplars of the technology and economy of the times. That makes Google seem a lock - yet its high price per share presents a dilemma. When it was established in 1896, the Dow’s stated goal was to give a broad reading of the American economy. It is now hard ...