Network equipment maker Cisco Systems and US insurer Travelers are to replace recession hit Citigroup and General Motors on the Dow Jones Industrial Average US stock market barometer.
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The changes, which take effect next week, come after GM filed for bankruptcy and Citigroup was given a $45bn US taxpayer bailout, according to the Financial Times.
GM yesterday struck a $33bn rescue deal with the US and Canadian governments and worker bodies.
The vehicle manufacturer will now begin a 60 to 90-day restructuring programme that could involve job cuts, some affecting IT workers.
Cisco joins Microsoft, Intel, IBM and Hewlett-Packard in the Dow's technology category, tipping the balance away from the industrial sector for the first time.
News of Cisco's inclusion in the Dow boosted shares by 5.4% in trading yesterday, and Travelers closed up 3.15%.