Visa will replace the Palo Alto-based computer maker. Also dropped Alcoa—to be replaced by Nike—and Goldman Sachs will take the seat position occupied by Bank of America.
"The index changes were prompted by the low stock price of the three companies slated for removal and the Index Committee’s desire to diversify the sector and industry group representation of the Index," the press release explained.
According to Mashable, the HP's delisting comes results from the stock's lost of 50 percent of its value over the span of five years.
In 2004, the last time the DJIA—a bell-weather for the overall market's health—shook up the 30 companies listed in its index it replaced AT&T, Eastman Kodak and International Paper, according to the New York Times.