Comment on Apple moves into the Dow

Apple moves into the Dow

The step, which had been widely expected, is a reminder of the soaring valuations among consumer-driven technology and social media companies like Google, Facebook and Twitter, to name a few. Among the current DJIA constituents, AT&T has one of the lowest prices. [...] the DJIA is overweighted in telecommunications. [...] he added, Apple’s stock split last year “brought the stock price down closer to the median price” in the Dow.

 

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