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

[still_one]

(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

[JaneyVee]

1. What will DowJones look like with Apple added?

[still_one]

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

[ND-Dem]

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

apple is a bubble, imo.

[still_one]

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

[whatthehey]

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.

[still_one]

6. Yup