12689
Apple to Join Dow Jones Index
World Economy

Apple to Join Dow Jones Index

Apple is set to join the Dow Jones Industrial Average, replacing telecom major AT&T that has been a component of the stock index since 1916, NewsNow reported. Apple, which is the biggest US company by market value, will join the index on March 19. This is the first change in the 30-member index since September 2013, when Goldman Sachs, Nike and Visa replaced Alcoa, Bank of America and Hewlett Packard. Apple’s inclusion in the index comes after Visa’s 4-for-1 stock split, announced in late January, which would reduce the weighting of the Dow’s information technology sector. The addition of Apple will help offset that effect.

 

Short URL : http://goo.gl/z9TYKc

You can also read ...

Indonesia Criticizes Trump’s Protectionist Policies
Indonesia is foregoing billions of dollars on offer from...
Dow futures dropped more than 100 points in early trading, as traders returned from the long holiday  weekend to face fresh selling pressure for US stocks.
A six-day rebound in world stocks began to splutter on Tuesday...
GM Seeking  S. Korea Backing
General Motors has offered to convert debt of around $2.2...
London-based Capital Economics expects the German economy to expand by 2.7% this year. This would be above the government’s  more conservative forecast of 2.4%.
The German economy is expected to improve in the next six...
Colombia Expects Better Times
Colombia’s economy could grow 3% this year as sectors like...
Venezuela’s Digital Currency Makes Debut
Venezuela has begun the process of introducing a new digital...
ADB Forecasts India Growth at 7.3 Percent
The Asian Development Bank expects India’s growth to pick up...
Ghana Told to Cut High Agro Imports
The World Bank country director for Ghana, Henry Kerali, has...

Trending

Googleplus