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A recent report by investment newspaper Barrons claims Apple and Google could find themselves inducted into the elusive Down Jones Industrial Average. According to Barrons the index is due for...
04-29-2012, 10:13 PM #1
Report Highlights Google and Apple as Additions For Dow Jones Makeover
A recent report by investment newspaper Barrons claims Apple and Google could find themselves inducted into the elusive Down 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]
Last edited by Phillip Swanson; 04-30-2012 at 12:34 AM.
04-30-2012, 08:33 AM #2
04-30-2012, 08:54 PM #3
Actually that would be an absolutely retarded idea as the DJIA is a. Price-weighted and b. supposed to be nonvolatile.
Besides, tech is represented well by CISCO and Oracle. A better addition would be UPS despite it being already in the DJTA and a "transportation" firm as they are becoming less and less transportation and more and more about logistics: A sector that is at the heart of the american economy.