Citigroup and General Motors were dropped from the Dow Jones Industrial Average, according to The Financial Times.
They were replaced by Travelers, the insurance company formerly owned by Citigroup, and Cisco Systems, the maker of networking equipment.
GM filed for bankruptcy Monday and Citigroup, after receiving $45 billion of U.S. taxpayer aid, are the first two major companies to leave the Dow since AIG was removed last September.
Travelers rose by 4.65 percent in morning trade after the second-biggest U.S. commercial insurer replaced its former affiliate in the index.
Cisco became the fifth technology business in the index, making the category’s weighting in the barometer surpass the industrial sector for the first time.