“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.”
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