| | 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 June 2018, when it replaced General Electric with Walgreens. The prior substitution was in March 2015 by the Dow, 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 June 2018, when it replaced General Electric with Walgreens. The prior substitution was in March 2015 by the Dow, 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. |
| − | As of June 2017 here are the 30 stocks in the "Dow" several of which are retail stocks or dependent on retail sales (e.g., AXP, CSCO, HD, KO, MCD, NKE, PG, V, and WMT): | + | As of June 2018 here are the 30 stocks in the "Dow" several of which are retail stocks or dependent on retail sales (e.g., AXP, CSCO, HD, KO, MCD, NKE, PG, V, WBA, and WMT): |