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Fri Mar 6, 2015, 11:17 AM

Apple to replace AT&T in Dow industrials on March 18

(Reuters) - Apple Inc (AAPL.O), the largest U.S. company by market value, will join the Dow Jones Industrial Average .DJI on March 18, replacing AT&T Inc (T.N), S&P Dow Jones Indices said on Friday.

With a market capitalization of about $736 billion, Apple is the largest publicly traded company in the world. AT&T, by contrast, has a market value of $176.5 billion.

The iPhone and iPad maker had been notable by its absence in the 30-stock average, and it had been excluded because its stock price was too high for the price-weighted index. The move by S&P Dow Jones Indices had been widely anticipated since a seven-for-one stock split in June 2014.

http://www.reuters.com/article/2015/03/06/us-apple-dow-idUSKBN0M21H020150306

Just another way to manipulate numbers in my view


6 replies, 548 views

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Reply Apple to replace AT&T in Dow industrials on March 18 (Original post)
still_one Mar 2015 OP
JaneyVee Mar 2015 #1
still_one Mar 2015 #2
ND-Dem Mar 2015 #3
still_one Mar 2015 #5
whatthehey Mar 2015 #4
still_one Mar 2015 #6

Response to still_one (Original post)

Fri Mar 6, 2015, 11:20 AM

1. What will DowJones look like with Apple added?

 

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Response to JaneyVee (Reply #1)

Fri Mar 6, 2015, 11:23 AM

2. higher, and it will artificially raise Apple stock based on DOW funds that are forced to buy Apple

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Response to still_one (Original post)

Fri Mar 6, 2015, 11:24 AM

3. why does at&t need to be replaced? it's not failing by any means.

 

apple is a bubble, imo.

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Response to ND-Dem (Reply #3)

Fri Mar 6, 2015, 11:54 AM

5. Not sure apple is in a bubble, but it is significantly more volatile than Att

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Response to still_one (Original post)

Fri Mar 6, 2015, 11:28 AM

4. Well this is not a success/failure switch really

It's supposed to reflect changing economic framework.

What this certainly will do is ratchet up volatility a notch. AT&T has long been a very stable stock. Apple's wild swings depending on how much the fanboys like the slightly differently radiused corners of the next iThing update or whether Apple or Samsung wins the latest $1B patent lottery suit will introduce some wobbles, even as 1 of 30.

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Response to whatthehey (Reply #4)

Fri Mar 6, 2015, 11:56 AM

6. Yup

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