The Dow Jones structure was changed

27.10.99 00:00
/PRIME-TASS, Oct.27, 99/ - ITAR-TASS informs about changes in Dow Jones index which reflect a structural changes in the USA economy. A list of 30 leading American corporations is determined by a Council of the Wall Street Journal. On Tuesday the Council has included in the list 4 new companies - Microsoft, Intel, SBC Communications and Home Depo. Simultaneously Chevron, Union Carbide, Goodyear and Sears, Roebuck and Co (a second-largest in USA system of retail stores) have lost their places in this most prestigious corporate group of USA. Now Dow Jones along with IBM and Hewlett-Packard will take into account shares of Microsoft - worldwide leader in the software production and Intel - the largest in the world producer of computer chips. It is a one more confirmation that high-technological companies play more and more significant role in the USA economy, while the traditional industrial sector declines. Taking into account, that the shares of the new companies are much more dynamical, than traditional, the experts predict in the near future fast grow of Dow Jones. On Tuesday it lost 47.80 points or 0.46% and was recorded at the level of 10,302.13 points. At the same time traders warn: the high ethnological companies are especially subject to the investors' whims and the jumps can in short time be replaced by abrupt falls.