“Now that it’s the biggest company in America, you might think it would make sense for Apple to be added to the Dow Jones Industrial Average,” Mark Gongloff blogs for The Wall Street Journal. “But it may have to stand alone.”
“The stated purpose of the DJIA — a joint venture of CME Group and Dow Jones, which employs this blogger — is ‘to provide a clear, straightforward view of the stock market and, by extension, the U.S. economy,'” Gongloff reports.
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Gongloff reports, “It sure seems like the biggest public company in the US, pumping products into the hands of consumers across America, would be a key part of such an index, but there’s a major problem with adding Apple: Its stock price is just way too high.”
Read more in the full article here.
[Thanks to MacDailyNews Reader “Fred Mertz” for the heads up.]