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Wednesday, March 11, 2015

Apple Replacing AT&T on Dow


Tech replaces telecom on the Dow Industrial Average following the close of trading on the 19th. Apple replacing AT&T is prompted by Visa's 4:1 stock split. In a statement from the Dow Jones Indices, the change is due to a post-split adjusted lower price of Visa, reducing the weighting of IT in the index, according to MPR News. The statement noted,  "Adding Apple to the index will help to partially offset this reduction."

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