Rochester, NY 7/30/2009 12:55:52 AM
DIAMONDS Trust, Series 1 DIA, DIA Included in the Three Top Picks
DIAMONDS Trust, Series 1
The Dow Jones Industrial Average benchmark got a makeover Monday as networking Equipment Company Cisco Systems and Insurer Travelers replace bankrupt company General Motors and beleaguered Citigroup. Said move also gave a lift to the Dow Diamonds exchange-traded fund.
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"The parlous state of GM has left us with no choice but to remove it from The Dow. A bankruptcy filing immediately disqualifies a stock regardless of a company's history or its role as a cultural icon," said Robert Thomson, The Wall Street Journal's managing editor and editor-in-chief for all of Dow Jones.
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