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This Day In Market History, March 17: Walmart, Johnson & Johnson Join Dow Jones Industrial Average

Share: Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened? On this day in 1997, Walmart Inc (NYSE: WMT), Johnson & Johnson (NYSE: JNJ), Travelers Companies Inc (NYSE: TRV) and Hewlett Packard Enterprise Co (NYSE: HPE) joined the Dow Jones Industrial Average. Where The Market Was: The S&P 500 traded at 795.71 and the Dow traded at 6,955.48. What Else Was Going On In The World? In 1997, Princess Diana was killed in a car crash in Paris, France. The average cost of a new house was $124,100. Modernizing The Dow: The 1997 shuffle of the Dow Jones Industrial Average components represented an updating of the index from the old industrial U.S. economy to the modern tech and healthcare-driven economy.

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