Apple to join Dow Jones Industrial Average

CNN:

Apple will replace AT&T in the Dow — an exclusive club of 30 stocks that also includes tech giants Microsoft, Intel, and Cisco as well as brand-name consumer firms Walmart, Coca-Cola, and Disney.

“As the largest corporation in the world and a leader in technology. Apple is the clear choice for the Dow Jones Industrial Average,” said David Blitzer, managing director and chairman of the index committee at S&P Dow Jones Indices, in a statement.

Apple will enter the Dow at the close of trading on March 18.

As tha article says, this is mostly symbolic but, for a company on the edge of bankruptcy less than 20 years ago, it’s a remarkable journey.