A recent report by investment newspaper Barrons claims Apple and Google could find themselves inducted into the elusive Dow Jones Industrial Average.
According to Barrons the index is due for a makeover and the inclusion of Google and Apple would help ensure the Dow stays relevant in the 21st century market. Both companies wield considerable influence in the financial markets (Apple’s earnings reports have a habit of pulling the rest of the market up with it). Apple and Google “represent major shifts in the global business landscape” while current Dow inhabitants like Hewlett-Packard, Bank of America, and Alcoa do not.
"The guardians of the Dow need to ensure that this benchmark, created in the 19th century, stays relevant for a 21st century market," — Barrons.
While there is no official timetable set for the Dow Jones makeover, most investors would likely welcome the change sooner or later.
Source: Barrons [via CNET]