Before the Bell-Bank of America, Chevron rise on DJIA news

Mon Feb 11, 2008 2:31pm GMT
 
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NEW YORK, Feb 11 (Reuters) - Shares of Bank of America Corp (BAC.N) jumped 3 percent to $43.30 before the bell on Monday after Dow Jones & Co said the No. 1 U.S. bank by market value would be added to its blue-chip 30-stock Dow Jones industrial average. For details, see [ID:nWEN3887]

Under the change, which takes effect on Feb. 19, shares of oil company Chevron Corp (CVX.N) will also be added to the gauge, while those of Altria Group Inc (MO.N) and Honeywell International Inc (HON.N) will be dropped.

Chevron shares rose 2.2 percent to $81 before the bell. Shares of Altria, parent of cigarette maker Phillip Morris, declined 1.4 percent to $72.03. Shares of Honeywell, a diversified manufacturer, slipped 1.6 percent to $56.95. (Reporting by Ellis Mnyandu, Editing by Kenneth Barry)

 

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