Apple will replace AT & T's telecommunications operator in the Dow Jones Industrial Average

On March 19, Apple will be included in the Dow Jones Industrial Average index instead of one of the largest US telecommunications operators, AT & T, Vedomosti reports , citing Reuters. Apple will be the sixth technology company in the index, operating since 1884.

The Dow Jones Index was created to track the development of the industrial component of the American stock markets. The first versions of the index appeared in 1884, then it included the prices of shares of eleven companies - railway and industrial. Initially, the index was the arithmetic average of stock prices of these companies, now they use a more complex method - the scalable average. The industrial index began in 1896, when it already included 12 companies - including General Electric, which is still on the list.

The Dow Jones Industrial Average covers the 30 largest US companies, including five technology companies: Cisco, IBM, Intel, Microsoft, and Visa. Apple will be the sixth on this list. AT & T will exclude from it due to a 4.5% drop in shares, and the addition of Apple shares became possible after their split in the ratio of one to seven in 2014.