The new owners of the Dow Jones Industrial Average (INDU) will face their first decision on how the 116-year-old gauge should be composed when Kraft Foods Inc. splits itself in two later this year. Kraft, with a $69.4 billion market value that ranks 20th in the 30-stock gauge, may be dropped because the spinoff of its U.S. grocery business will shrink the world’s second-largest food company, said Keith Wirtz at Fifth Third Asset Management. Hewlett-Packard Co. and Alcoa Inc. (AA) are vulnerable after losing almost half of their value in the past year, according to Richard Moroney, editor of the Dow Theory Forecasts newsletter.
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