Apple has been invited to join the Dow Jones Industrial Average, one of the most exclusive stock indexes in the world – only 30 members are accepted. They will be replacing AT&T after the market closes on March 18th.
Being invited to the 119-year-old Dow Jones Industrial Average is the latest accomplishment for the tech company. Apple’s recent stock split brought share prices down to around $100 last year and had a lot to do with getting the invite to join the Dow. AT&T’s stock price hovers around $33 which is big reason as to why it’s being replaced.