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Apple Too Big For the Dow Jones Industrial Average

Posted by samzenpus on from the we're-gonna-need-a-bigger-stock-ticker dept.

An anonymous reader writes "Apple is clearly the hottest tech stock on the market right now and the company is clearly at the vanguard of technological innovation. Consequently, many have wondered why Apple isn't part of the Dow Jones Industrial Average (DJIA). As it turns out, Apple's astronomical share price effectively prohibits the company from joining the DJIA as it would disproportionately influence the index."

5 of 218 comments (clear)

  1. Re:one other reason by Oxford_Comma_Lover · · Score: 4, Funny

    Although come to think of it, being overpriced has never bothered Apple in the past. :)

    --
    -- IANAL, this isn't legal advice, and definitely isn't legal advice for you. Also, Squee!
  2. Doja is marijuana, DJIA is the Dow 30 by syntap · · Score: 1, Funny

    As in Dow Jones Indus--oh never mind.

    The writer and the reasons for Apple now being in the Dow 30 are both high.

  3. Re:one other reason by Anonymous Coward · · Score: 2, Funny

    Patience. All good things take time.

  4. Re:DJIA is by Anonymous Coward · · Score: 3, Funny

    Berkshire Hathaway ($101250!).

    101250! = 6.7994476169830511727851464589251787226197877510690... × 10^462826

  5. Re:one other reason by Goaway · · Score: 3, Funny

    Um, I've got some news for you...