In case you haven’t heard: Apple is going to replace AT&T in the Dow Jones Industrial Average.
Do you think this will have a major impact on the stock price of AT&T or Apple?
Well, AAPL is up and T is down today, so it might be part of that. In addition to other things, a lot of index funds will have to sell T and buy AAPL on March 19.
This thread belongs in the “Investments” subforum.
Wendy, please post your suggestion in the Feedback forum.
DJIA index funds?? really, can’t think of any. (except DIA)
AT&T net income is 6.2b. thats more than home depot 5.3b, dupont 3.6, travellers 900m… etc - it just demonstrates how bad the index is.
^ The Index is not intended to be the 30 largest.
…therefore arbitary and meaningless.
That’s my view on the DJIA.
The reason AT&T got knocked out is because of the Visa split. The 4 for split 1 will reduce the price of Visa and that will reduce the information technology weight in the index (Visa is counted as a tech stock). Adding Apple balances out the reduction therefore they had to remove one technology stock and it was AT&T. Knocking a stock from another sector would change the weightings of the index.
Wait so the DJIA is adding commodity exposure? Must be so!
^lol. I came to this thread only because I saw Palantir commented. And I wasn’t disappointed