Items tagged with dow jones industrial average

As we head into the weekend and bid farewell to another work week, Dow Jones on Friday announced that it's adding Apple to the Dow Jones Industrial Average, which will go into effect after the close of trading on Wednesday, March 18. The change will be effective with the opening of trading on the following morning, Thursday, March 19. A big reason for the change is Visa's scheduled 4:1 stock split, which will be effective at the same time. According to Dow Jones, the ensuing lower price of Visa will reduce the weighting of the Information Technology sector. In order to balance this out and "partially offset" the reduction, Apple is being added. "As the largest corporation in the world and a leader... Read more...