Unlike other indexes, the stocks in the Dow are weighted according to the price of one share of each company's stock, rather than by its market capitalization (overall company value). Thus the higher the stock price, the greater weight it has in the Dow. This tends to eliminate companies maintaining high prices for their shares, such as Amazon and Google, from being considered for inclusion in the Dow. The last time the Dow changed its component stocks was in March 2015, The last time the Dow changed its component stocks was in March 2015, when it replaced AT&T (T) with Apple (AAPL). Due to the erosion of manufacturing jobs in the [[United States]] resultant from harmful [[free trade]] policies, the Dow is not really "industrial" any more. | Unlike other indexes, the stocks in the Dow are weighted according to the price of one share of each company's stock, rather than by its market capitalization (overall company value). Thus the higher the stock price, the greater weight it has in the Dow. This tends to eliminate companies maintaining high prices for their shares, such as Amazon and Google, from being considered for inclusion in the Dow. The last time the Dow changed its component stocks was in March 2015, The last time the Dow changed its component stocks was in March 2015, when it replaced AT&T (T) with Apple (AAPL). Due to the erosion of manufacturing jobs in the [[United States]] resultant from harmful [[free trade]] policies, the Dow is not really "industrial" any more. |