“When the Dow Jones Industrial Average starts moving today with the opening bell at 9:30 a.m. New York time, it will have a slightly different look,” Paul Vigna reports for The Wall Street Journal.
“Apple Inc. starts trading today as a member of the index, replacing AT&T Inc., and while the high-tech leviathan currently sports a market-cap ($748.3 billion) twice the size of any other company in any other industry, it will have a slightly more modest spot in the price-weighted Dow,” Vigna reports. “After accounting for Visa Inc.’s 4-1 stock split, Apple’s stock, which closed Wednesday at $128.47, will give it the fifth-highest weighting in the index, behind Goldman Sachs Group Inc., 3M Co., IBM Corp., and Boeing Co.”
Read more in the full article here.
Apple to join the Dow Jones Industrial Average – March 6, 2015