Apple Joins Dow Index; AT&T Dumped

Apple to Replace AT&T at DowApple Inc., the world’s most valuable company, finally will take its place as a member of the elite 30 stocks in the Dow Jones industrial average, starting after trading closes on March 18.

The Cupertino, Calif., powerhouse will replace telecommunications firm AT&T Inc. on the roster, S&P Dow Jones Indices said Friday.

The rise of Apple to the 131-year-old Dow index, whose components change only infrequently, was perhaps as inevitable as such a selection can be. After a breathtaking rise since the mid-2000s, Apple has established itself as perhaps the country?s most prominent corporation of any kind, a perception cemented by its becoming the most valuable public company ever in 2012.

Read more at LA Times.