New Divisors for Dow Jones Industrial Average

NEW YORK (Feb. 18, 2003) — Starting with Tuesday, February 18, stock market trading, the Dow Jones Industrial Average and the 65-stock Composite Average will be calculated with new divisors because of Microsoft Corp’s 2-for-1 common stock split.

As a result, the divisor for the Dow Jones Industrial Average changes to 0.14279922 from 0.14585278 and the 65-stock Composite Average changes to 0.88320816 from 0.89411643.

To understand how this and other stock splits effect the calculation of the Dow Jones Industrial Average click here for an explanation.

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