It's official. Apple is coming to the Dow Jones Industrial Average.

On Friday, word broke that Apple is set to be added to the blue-chip stock index at the open of trading on Thursday, March 19th.

Apple is effectively replacing AT&T on the 30-company listing that makes up the DJIA. The wireless carrier has been a part of the Dow since before wireless even existed (since 1916, in fact).

"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, was widely quoted in reports this morning.

Of course, rumors have swirled for years that AAPL was coming to the Dow. But now is finally the time -- news that comes just as NASDAQ hits highs not seen in the last 15 years before the tech bubble burst at the turn of the new century.

Source: USA Today