Finally, the Dow Jones test the taste of Apple – Reuters

By David Gaffen

NEW YORK (Reuters) – Apple Inc, the largest company in the United States by market value, will join the industrial average historical Dow Jones and replace AT &. T Inc, a change that reflects the dominance of the iPhone maker in the economy and American society

The decision to move to AT & T, which has been part of the Dow Jones for nearly a century, It is a recognition of the evolution of communications and technology in recent decades.

“This is a sign of the times, and could make everyone pays more attention to Dow of what they had been doing,” said Richard Sichel, who oversees 2,000 billion as chief investment officer at Philadelphia Trust Co.

“It would be difficult to choose either 30 companies that covered the full economy, especially if the comparison is with the S & P 500, but that gives the Dow’s credibility, “said

The decision by S & P Dow Jones Indices was expected since Apple made a division of its titles for seven, in June 2014

After the partition, many investors felt it was only a matter of time before the iPad maker entered the average of 30 actions, since the high price of his papers had been impossible before access to the index, which is weighted by price.

The Dow Industrial Average is the oldest US stocks, with its first publication in 1896.

Its compact size -only 30 names- and its mission to reflect the US economy means having a greater familiarity for small investors other indices covering a larger share of market value. Continued …