Apple is set to join the Dow Jones Industrial as markets open today, taking the place of AT&T on the exclusive, thirty-member index. Though this move has been long-awaited, it bears with it certain connotations. Namely, new members to the Dow Jones Industrial typically have a short initial boost from investor excitement before spending extended periods with stock values sliding. Apple improved yesterday by 1.13%, and many expect it to increase another 3% in the next month before beginning a lengthy decline, as other new Dow Jones Industrial members have done before.
March 19, 2015 – Stock Market News
Apple is set to join the Dow Jones Industrial as markets open today, taking the place of AT&T on the exclusive, thirty-member index. Though this move has been long-awaited, it bears with it certain connotations. Namely, new members to the Dow Jones Industrial typically have a short initial boost from investor excitement before spending extended periods with stock values sliding. Apple improved yesterday by 1.13%, and many expect it to increase another 3% in the next month before beginning a lengthy decline, as other new Dow Jones Industrial members have done before.
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