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HomeBreaking NewsApple and Tesla Stock Split Today and Dow Jones Shake Up

Apple and Tesla Stock Split Today and Dow Jones Shake Up

Gerd Altmann from Pixabay

The Dow Jones Industrial Average (DJI)  are set to take effect this morning. Apple’s  (NASDAQ:AAPL)  4-for-1 stock split set off a cascade of changes as it shrank the weighting of formerly the most important Dow member to 3% from around 12%, and the overall technology representation in the index to around 20% from 27%. The new addition of Salesforce  (NYSE:CRM)  to the Dow will bring the share of tech in the index to about 23%, and will also see Amgen  (NASDAQ:AMGN)  and Honeywell  (NYSE:HON)  replace iconic Exxon Mobil  (NYSE:XOM), Pfizer  (NYSE:PFE)  and Raytheon  (NYSE:RTX).

https://www.facebook.com/cwebmedia/videos/316217316372173/

Apple (NASDAQ:AAPL)  begins trading today (at $125/share) following a 4-for-1 split, while Tesla  (NASDAQ:TSLA) starts trading (at $443/share) on a 5-for-1 split-adjusted basis. While the market caps of the companies will remain the same, some are saying the moves will make shares   more accessible to a broader base of investors.

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