Apple will replace AT&T in the Dow Jones Industrial Average, according to S&P Dow Jones Indices, the unit of McGraw Hill Financial that owns the Dow.
The WSJ reports that Apple will join the Dow on March 18th:
Apple will join the Dow at the close of trading March 18. The shake-up won’t affect the value of the Dow, which is up 1.8% this year and has hit more than 90 record closes in the past two years. Apple stock has been one of the market’s monster performers in recent years, posting an annualized total return, reflecting price gains and dividend payments, of 69% over the past year and 36% over a decade.
The Dow Jones Industrial Average is an index that shows how 30 large publicly owned companies based in the United States have traded during a standard trading session in the stock market. Microsoft and Intel became part of the Dow back in 1999. Previously, all Dow components had been listed on the New York Stock Exchange.
"Apple is the clear choice for the Dow Jones Industrial Average, the most recognized stock market measure," says David M. Blitzer, chairman of the Index Committee at S&P Dow Jones Indices.
Apple became the the first $700 billion company in the U.S last month when the company's shares closed up at $122.02, giving it a market cap of $ 710.736B
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[Chart]
The WSJ reports that Apple will join the Dow on March 18th:
Apple will join the Dow at the close of trading March 18. The shake-up won’t affect the value of the Dow, which is up 1.8% this year and has hit more than 90 record closes in the past two years. Apple stock has been one of the market’s monster performers in recent years, posting an annualized total return, reflecting price gains and dividend payments, of 69% over the past year and 36% over a decade.
The Dow Jones Industrial Average is an index that shows how 30 large publicly owned companies based in the United States have traded during a standard trading session in the stock market. Microsoft and Intel became part of the Dow back in 1999. Previously, all Dow components had been listed on the New York Stock Exchange.
"Apple is the clear choice for the Dow Jones Industrial Average, the most recognized stock market measure," says David M. Blitzer, chairman of the Index Committee at S&P Dow Jones Indices.
Apple became the the first $700 billion company in the U.S last month when the company's shares closed up at $122.02, giving it a market cap of $ 710.736B
Read More
[Chart]