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  • Apple Now Trading on DJIA

    The 119-year-old Dow Jones Industrial Average has never been more modern.

    On Thursday, Apple finally made its way to the prominent stock index, opening for trade near the $130 mark, only a few dollars shy of the company's record all-time highs.

    Apple is debuting on the price-weighted index as its fifth most expensive stock, USA Today confirms.

    As MMi previously noted, Apple is replacing AT&T on the 30-company listing that makes up the DJIA. The carrier (and one-time exclusive iPhone service provider) had been a part of the Dow since 1916.

    "As the largest corporation in the world and a leader in technology, Apple is the clear choice for the Dow Jones industrial average, the most recognized stock market measure," David Blitzer, managing director and chairman of the Index Committee at S&P Dow Jones Indices, stated earlier this month when Apple's transition to the Down Jones was first revealed.

    Source: USAToday