If Apple was in the Dow 30 Index insted of Cisco the Dow Jones Industrial Average would be within 2% of an all-time high (at 13,928 instead of 12,724)

[웃 910]

Kinda a pointless article but I thought it was slightly interesting. Apple definitely should be in the Dow 30. And I think I know why it's still in the NASDAQ (it's a tech stock that is the largest component of the NASDAQ 100. It is weighted at about 10% of the entire index if my memory serves me correctly). Anyways, Cisco is a pos stock that barely moves and is less than $2 off a 52-week low....Apple is a beast

Where the DJIA Would Be with AAPL Instead of CSCO

Wednesday, July 20, 2011 at 02:45PM With Apple (AAPL) getting close to $400 today and giving Exxon Mobil a run for its money as the largest company in the world, many are once again wondering why Apple isn't in the Dow Jones Industrial Average (DJIA)? While we can't answer that question, we can tell you what might have been.

Back in June 2009, DJIA removed General Motors from the index and added shares of Cisco (CSCO). While CSCO was one of the largest companies in the country at the time and certainly was a viable candidate for inclusion in the index, the case for AAPL was just as -- if not even more -- compelling. After all, just as there used to be a General Motors car in nearly every driveway, there is now an AAPL product in practically every American household.

Below is a price chart of the Dow since the beginning of 2007 compared to how it would have done if AAPL were added instead of CSCO. Below that we also show the percentage spread between where the DJIA would currently be with APPL instead of CSCO. Because AAPL has done much better than CSCO and the fact that the DJIA is a price weighted index, had AAPL been added instead of CSCO back in June 2009, the index would be more than 10% higher than it is now. At a level of 13,928, it would be within 2% of its all-time high of 14,164.

[Gary and Alla 3,694]

If frogs had wings they would not bump their butts when they hop

[spookyturtle 9,466]

If frogs had wings they would not bump their butts when they hop

Well they might if they forgot to flap them.

[scandal 951]

Kinda a pointless article but I thought it was slightly interesting. Apple definitely should be in the Dow 30. And I think I know why it's still in the NASDAQ (it's a tech stock that is the largest component of the NASDAQ 100. It is weighted at about 10% of the entire index if my memory serves me correctly). Anyways, Cisco is a pos stock that barely moves and is less than $2 off a 52-week low....Apple is a beast

Being in the NASDAQ 100 is not mutually exclusive to being in the Dow30.

There are 3 other stocks which NASDAQ listed and are constituents of both the QQQ and the DJI: MSFT, INTC and CSCO.

The other 27 are all NYSE listed issues.

For most of its history the DJI only had NYSE listed stocks and was thought of as a purely Big Board index. But that changed about 10 years ago when MSFT and INTC became the first Nasdaq stocks in the DJI.

BTW, while the QQQ is tech-centric that doesn't mean the DJI (or the Big Board in general) shirks tech: there are 2 other NYSE tech stocks which are in the Dow30 - IBM and HPQ, and there are other notable NYSE techs e.g. JNPR, LNKD.