Dow Jones Industrial Average is about to make over the stock index with the help of Apple and Google. These two companies would be the suitable representatives of the global tech market. Apple and Google are considered the authoritative giants of the financial market, according to Barron (investment newspaper). The article in Barron says that the companies made their business in a way that no other company – such as Hewlett-Packard or Alcoa – could. Dow’s trustees must make sure that the image created in the 19th century remains pertinent by the present market age, according to Barron.
Apple has made the plowing-back of market with $563 billion. The company appeared to be the most profitable one around the world. Their stock index was last emended in 2009. By the way, it is assumed ambiguously to add Apple to the market average ‘cause Dow Jones counts the well-known index among the 30 stock ones, basing on the share cost, according to Barron. The company can overcome the index at any time elevating it in 26 percent. It will be even more than IBM’s stock index 12 percent double rise.
A place in the market average can be warranted to Apple if it holds the stock split of 5 to 1 or even 10 to 1 however. Today It costs more to purchase a share of Apple than to buy a share of Google. Barron reports that Google share price in April was lower than Apple’s, though at the end of April the search company got the first stock split for all time of existing. No official schedule of the stock index makeover is available.