Makes no sense why the largest us company is not in the dow.
kiss of death.
The DOW makes no sense being based on stock price weight. that is meaningless. they need to change this to be more like the s&p but with 30 companies. bac/aa/ford, etc. has no influence on the dow anymore but companies like ibm, mcd, move the dow.
It doesn't matter if it makes sense or not. They can't change it. If they do, they would have changed the definition of Dow and screw up the continuity of the index.
never made sense; just a tradition, already; maybe obsolete? remember the Dow 30 is JUST an indicator, NOUGHT an absolute; S&P500 index better indicator!! i look at and use BOTH..
Can't be added unless they split the stock.
It can't. Dow isn't market cap adjusted index. AAPL share price is too high to be added to Dow.
Yeah but what if IBM keeps going up and doesn't split, or MCD? How does that matter for companies already in the dow? I don't get it.