Apple finally joins the Dow, AT&T out

Apple, the world’s most valuable company, will be calculated in the Dow Jones Industrial Average index starting later this month, the Wall Street Journal reported on Friday. The move has been a long time coming, and was likely made possible by last year’s 7-for-1 stock split which significantly reduced the per-share price of Apple, making it easier to fold into the price-weighted blue chip index. [company]Apple[/company] will replace [company]AT&T[/company] in the prestigious group of thirty major American companies. Apple is currently traded on the Nasdaq and shares were trading at $125.41 at the time of publication.