NEW YORK, June 11, 2009 (GLOBE NEWSWIRE) -- Dow Jones Indexes, a leading global index provider, today announced the results of the regular quarterly review of the Dow Jones Internet Composite Index and its two sub-indexes, the Dow Jones Internet Commerce Index and Dow Jones Internet Services Index.
Overstock.com Inc. (United States, Retail, OSTK) will be removed from the Dow Jones Internet Composite Index and sub-index Dow Jones Commerce Index and replaced by Blue Nile Inc. (United States, Retail, NILE).
The float-adjusted market capitalization of the reconstituted Dow Jones Internet Composite Index increased to $234.25 billion from $233.74 billion, as of June 2, 2009.
The changes will be effective after the close of trading on Friday, June 19, 2009.
The Dow Jones Internet Composite Index is a blue-chip measure of Internet-related companies. It is made up of 40 stocks: 15 from the Internet commerce sector and 25 from the Internet services sector. Only those companies that generate the majority of their revenues from the Internet are eligible for inclusion, and stocks are selected to the index based on float-adjusted market capitalization and liquidity. The index is reviewed on a quarterly basis and available in both price and total return versions.
Further information on the Dow Jones Internet Composite Index can be found on http://www.djindexes.com.
Company additions to and deletions from the Dow Jones Internet Composite Index do not in any way reflect an opinion on the investment merits of the company.
Journalists may e-mail questions regarding this press release to PR-Indexes@dowjones.com.
About Dow Jones Indexes
A full-service index provider, Dow Jones Indexes develops, maintains and licenses indexes for use as benchmarks and as the basis of investment products. Best known for the Dow Jones Industrial Average, Dow Jones Indexes also is co-owner of the Dow Jones STOXX indexes, the world's leading pan-European indexes that are an integrated segment of the Dow Jones Global Index series. Additionally, Dow Jones Indexes maintains its benchmark index series, the Dow Jones Total Stock Market Indexes, which is anchored by the Dow Jones U.S. Total Stock Market Index and covers more than 12,000 securities in 65 markets. Beyond equity indexes, Dow Jones Indexes maintains a number of alternative indexes, including measures of the hedge fund and commodity markets. Dow Jones indexes are maintained according to clear, unbiased and systematic methodologies that are fully integrated within index families. www.djindexes.com
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