Apple Joins the Dow

From the Wall Street Journal
 

Apple will join the Dow Jones Industrial Average this month, a long-anticipated change that adds the world’s most-valuable company to the 119-year-old blue-chip index.

The move is the latest milestone for Apple, which has emerged in recent years as the standard-bearer for a resurgent U.S. technology sector. The Cupertino, Calif., company in January reported latest-quarter net income of $18 billion, the largest quarterly profit on record, fueled by roaring sales of iPhones.

Apple will replace telecommunication giant AT&T, according to S&P Dow Jones Indices, the unit of McGraw Hill Financial Inc. that owns the Dow.

This will affect the Dog of The Dow since AT&T is currently the highest yielding DJIA stock.

Tags: , ,

Connect With Us

Korving & Company, Investment Management, Suffolk, VA

Newsletter Signup

Created by Array Digital
© 2018 Korving & Company, LLC