NEW YORK, September 2, 2004 – Dow Jones Indexes announced changes in the composition of the Dow Jones U.S. Total Market and Dow Jones Internet Commerce indexes.
Effective with the start of trading on Monday, September 20, 2004, the following nine companies will be added to the Dow Jones U.S. Total Market index, bringing the number of components in the Dow Jones U.S. Total Market Index to 1,623
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MCI Inc. |
Assurant Inc. |
International Steel Group Inc. |
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palmOne Inc. |
Plains Exploration & Production Co. |
Houston Exploration Co. |
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Denbury Resources Inc. |
TASER International Inc. |
Google Inc. Cl A |
The following three companies will be deleted from the Dow Jones U.S. Total Market index:
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Three-Five Systems Inc. |
Concurrent Computer Corp. |
Pharmacopeia Drug Discovery Inc. |
Google Inc. Cl A also will be added to the Dow Jones Internet Commerce Index while E-Loan Inc. will be deleted from the index
The Dow Jones U.S. Total Market Index is part of Dow Jones Total Market Indexes, a core index family of more than 3,000 international equity indexes. The family includes world, region and country indexes, as well as economic sector, market sector, industry group and sub-group indexes. The indexes are constructed to provide 95% of free float market-capitalization coverage of developed markets and 95% coverage of emerging markets. The Dow Jones U.S. Total Market Index covers 95% of the free float market-capitalization of the U.S. market.
The Dow Jones Internet Indexes are designed and maintained according to a set of rules that were devised with the goal of providing clear, accurate views of this widely followed market segment.
For its stock to be eligible for the Internet indexes, a company must generate at least 50% of annual sales/revenues from the Internet, and be currently included in the Dow Jones U.S. Index.
Changes are being announced today after the conclusion of a regular quarterly component review.