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Monday, Sep 30
Scratch Alcoa, Nike set to be the new Dow bellwether
- As the U.S. economy, so goes Nike (NKE -1.5%).
- The company's sales correlation with U.S. GDP is 97% to rank just behind Johnson & Johnson, McDonald's, and Wal-Mart of the Dow stocks.
- The company will also be the first Dow stock to report earnings each quarter to replace Alcoa which held the distinction for years.