Apple to Replace AT&T on Dow Jones Industrial Average - East Idaho News
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Apple to Replace AT&T on Dow Jones Industrial Average

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GETTY 3615 AppleLogo?  SQUARESPACE CACHEVERSION=1425656358584Kevork Djansezian/Getty Images(NEW YORK) — Apple has ousted AT&T — at least on the Dow Jones Industrial Average.

S&P Dow Jones Indices announced on Friday it would be adding Apple to the Dow’s 30 companies, replacing AT&T on March 18.

“As the largest corporation in the world and a leader in technology, Apple is the clear choice for the Dow Jones Industrial Average, the most recognized stock market measure,” David Blitzer, the managing director and chairman of the Index Committee at S&P Dow Jones Indices, said in a statement.

Art Hogan, the chief market strategist for Wunderlich Securities, says the move could have a big impact on the Dow.

“We measure the Dow Jones Industrial Average on a market cap weighted basis. So you know, the larger the company, the larger the impact it has on the Dow Jones Industrial Average. So, you know, a couple points in Apple is going to mean 20 some odd points in the Dow at any given point, up or down,” Hogan said.


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