GM, Citigroup Kicked out of Dow Jones

General Motors (GM) and Citigroup (C) have been kicked out of the Dow Jones industrial average (INDU).

According to a statement released Monday, GM, which filed for bankruptcy on Monday, will be replaced by Cisco Systems (CSCO) ; Citigroup will be replaced by The Travelers Companies (TRV).

The changes in the major average will go into effect on on June 8, according to Dow Jones.

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