Barron’s: Apple could join Dow index, would have to split shares

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Barron’s: Apple could join Dow index, would have to split sharesA new report from business weekly Barron’s (via Reuters) claimed The Dow Jones Industrial Average stock index could potentially replace stocks from Alcoa, Bank of America, or Hewlett-Packard with Apple or Google. There’s no exact timeframe for the overhaul of the Dow index, but Barron’s said Apple would have to split its shares to guarantee a spot. Reuters explained getting Apple would be difficult because the Dow weighs the absolute price of shares:
Apple, whose shares on Friday closed at $603, would overwhelm the index with a 26 percent weighting. That is double the influence of current Dow component IBM, whose $207

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