Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Monday, February 11, 2008

DJIA makes 2 changes

The Dow Jones ended up 57.88 points Monday, despite a pullback in the financial sector. AIG plummeted 11.7% after it acknowledged that its credit-derivatives portfolio lost $4.88 billion in gross market value in October and November. The Dow Jones Indexes announced that Bank of America and Chevron will replace Honeywell and Altria in the DJIA on Feb. 19th. Yahoo turned down Microsoft's $45 billion dollar takeover bid but the investors are wondering if Microsoft will up the price. DJIA +57.88 Nasdaq +15.21 S&P 500 +7.84