IBM Grip Loosened in Dow Average With Visa, Goldman Added
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International Business Machines Corp., whose $186.60 share price and 2.6 percent loss in 2013 combined to restrain the Dow Jones Industrial Average more than any other stock, is about to have its influence diluted.
The world’s biggest seller of computer services will see its proportion in the gauge cut to 7.9 percent from 9.4 percent when Goldman Sachs Group Inc., Visa Inc. and Nike Inc. are added this month. Goldman and Visa, at $165.14 and $184.59, become the second- and third-most influential members of the Dow, which is weighted according to stock price rather than market value.