BACK TO INDICES
Apple is set to be added to the Dow Jones Industrial Average on 19 March as AT&T exits the index. The oddity about t he Dow Jones I ndustria l , which only has 30 members, is that it is a price-weighted index as opposed t o market- cap weighted (or e ven equal weighted). In other words, a stock trading at $100 will be making up 10 times more of the total index compared to a stock trading at $10, regardless of the size of the company. AT& T is out as a stock split makes the price too low for inclusion.