Dow Jones Changes

Changes to the Dow Jones: Which Companies Were Added or Removed?

The table below lists changes the Dow Jones Industrial Average (DJIA) since early 1929. It is a compilation of the stocks that were added and removed from the index.

DateAddedRemoved
8-Nov-24Sherwin-WilliamsDow
8-Nov-24NvidiaIntel
26-Feb-24Amazoninc.comWalgreens Boots Alliance
31-Aug-20SalesforceExxonMobil
31-Aug-20HoneywellRaytheon
31-Aug-20AmgenPfizer
2-Apr-19DowDowDuPont
26-Jun-18WalgreensGeneral Electric
18-Mar-15AppleAT&T
20-Sep-13NikeAlcoa
20-Sep-13Goldman SachsBank of America
20-Sep-13VisaHewlett-Packard
21-Sep-12Unitedhealth GroupKraft
8-Jun-09Travelers CompaniesCitigroup
8-Jun-09Cisco SystemsGeneral Motors
22-Sep-08KraftAmerican International Group
19-Feb-08Bank of AmericaAltria
19-Feb-08ChevronHoneywell
8-Apr-04VerizonAT&T
8-Apr-04American International GroupInternational Paper
8-Apr-04PfizerKodak
1-Nov-99MicrosoftChevron
1-Nov-99IntelGoodyear
1-Nov-99Home DepotSears
1-Nov-99SBC CommunicationsUnion Carbide
17-Mar-97Johnson & JohnsonBethlehem Steel
17-Mar-97Citigroup (Travelers Group)CBS (Westinghouse Electric)
17-Mar-97Hewlett-PackardTexaco (Texas Corp.)
17-Mar-97WalmartWoolworth
6-May-91CaterpillarNavistar International (International Harvester)
6-May-91J.P. MorganPrimerica (American Can)
6-May-91DisneyUSX (U.S. Steel)
12-Mar-87BoeingInco Limited (International Nickel)
12-Mar-87Coca-ColaOwens-Illinois
30-Oct-85McDonald'sAmerican Brands (American Tobacco B)
30-Oct-85Philip MorrisGeneral Foods (Postum Inc.)
30-Aug-82American ExpressManville Corporation (Johns-Manville)
29-Jun-79IBMChrysler
29-Jun-79MerckEsmark (Swift & Company)
9-Aug-76Minnesota Mining & ManufacturingAnaconda
1-Jun-59AnacondaAmerican Smelting
1-Jun-59Esmark (Swift & Company)Corn Products Refining
1-Jun-59Owens-IllinoisNational Distillers
1-Jun-59Alcoa (Aluminum Company of America)National Steel
3-Jul-56International PaperLoew's Inc.
14-Mar-39AT&TIBM
14-Mar-39United Technologies (United Aircraft)Nash Kelvinator (Nash Motors)
20-Nov-35DuPontBordon
20-Nov-35National SteelCoca-Cola
13-Aug-34National DistillarsUnited Technologies (United Aircraft)
15-Aug-33Corn Products RefiningDrug Inc.
15-Aug-33United Technologies (United Aircraft)International Shoe
26-May-32Coca-ColaHudson Motor
26-May-32American Brands (American Tobacco B)Liggett & Myers
26-May-32Drug Inc.Mack Trucks
26-May-32IBMNational Cash Register
26-May-32Loew's Inc.Paramount Publix
26-May-32Nash Kelvinator (Nash Motors)Radio Corp.
26-May-32International ShoeTexas Gulf Sulpher
26-May-32Procter & GambleUnited Air Transport
18-Jul-30Eastman KodakAmerican Brands (American Tobacco B)
18-Jul-30BordenAmerican Sugar
18-Jul-30GoodyearAtlantic Refining
18-Jul-30Hudson MotorCurtiss-Wright
18-Jul-30Liggett & MyersGeneral Railway Signal
18-Jul-30Chevron (Standard Oil of California)Goodrich
18-Jul-30United Air TransportNash Kelvinator (Nash Motors)
29-Jan-30Manville Corporation (Johns-Manville)North American
14-Sep-29Curtiss-WrightWright Aeronautical
8-Jan-29National Cash RegisterVictor Talking Machine

History of Changes to the Dow Jones Index

Charles Dow and his business partner Edward Jones created the index with 12 constituents on May 26, 1896. The number of companies was expanded to 20 in 1916. In 1928, Peter Hamilton, the editor of the Wall Street Journal, redid the index, replacing six stocks and increasing the number to 30. He changed how the Dow Jones was calculated and established the Dow Jones Divisor for continuity.

Since then, the Dow Jones Industrial Average index has been changed approximately 70 times.

Additions and deletions are few and far between. However, the S&P Dow Jones Indices has recently made updates more frequently because of economic conditions and company-specific issues. The 1990s saw the addition of more financial, tech, and retail companies, which replaced traditional industrial firms. This trend has continued, and the DJIA is no longer a barometer of only American industrial corporations.

Initial 12 Dow Jones Companies

The initial 12 companies in the Dow Jones Industrial Average were,

  • American Cotton Oil Company
  • American Sugar Refining Company
  • American Tobacco Company
  • Chicago Gas Company
  • Distilling & Cattle Feeding Company
  • General Electric
  • Laclede Gas Company
  • National Lead Company
  • North American Company
  • Tennessee Coal, Iron and Railroad Company
  • United States Leather Company
  • United States Rubber Company

The first 12 companies are no longer in the DJIA. Most companies were acquired, ceased operations, or broken up because of antitrust action. General Electric is still an independent company. It was an index member at the time of creation before being dropped in 2018 and had the longest streak. However, it was dropped twice and added twice between 1898 and 1907. Laclede Gas changed its name to Spire and is still operating. American Sugar Refining is now Domino Foods. The National Lead Company is now NL Industries.

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Prakash Kolli is the founder of the Dividend Power site. He is a self-taught investor, analyst, and writer on dividend growth stocks and financial independence. His writings can be found on Seeking Alpha, InvestorPlace, Business Insider, Nasdaq, TalkMarkets, ValueWalk, The Money Show, Forbes, Yahoo Finance, and leading financial sites. In addition, he is part of the Portfolio Insight and Sure Dividend teams. He was recently in the top 1.0% and 100 (73 out of over 13,450) financial bloggers, as tracked by TipRanks (an independent analyst tracking site) for his articles on Seeking Alpha.

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