benzinga takes a look back at a notable marketrelated moment that occurred on this date what happened on this day in 1997 walmart inc wmt johnson  johnson jnj travelers companies inc trv and hewlett packard enterprise co hpe joined the dow jones industrial average where the market was the sp 500 traded at 79571 and the dow traded at 695548 what else was going on in the world in 1997 princess diana was killed in a car crash in paris france the average cost of a new house was 124100 modernizing the dow the 1997 shuffle of the dow jones industrial average components represented an updating of the index from the old industrial us economy to the modern tech and health caredriven economy the four new additions replaced westinghouse electric corp texaco inc bethlehem steel corp and woolworth corp at the time johnson  johnson was the ninthlargest us stock with around an 85billion market cap walmart was the 11th largest with an 81billion market cap by late 2008 walmart had grown to a market cap of more than 200 billion and was the second most valuable stock in the market today johnson  johnson is the 12thmost valuable public company with a 400billion market cap and walmart is the 14thmost valuable with a 37143billion market cap westinghouse changed its name to cbs corporation cbs later that year bethlehem steel filed for bankruptcy in 2001 and was dissolved in 2003 woolworth pivoted to athletic apparel and changed its name to foot locker inc fl in 2001 texaco was acquired by chevron corporation cvx in 2002