What if Apple were part of the Dow?

7:26 AM, May 10, 2012   |    comments
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Apple is the world's most valuable company. The Dow Jones industrial average is probably the world's best-known stock index. So don't they deserve each other?

If Apple had been added to the Dow in June 2009, the last time there were serious rumors that it would happen, the average would be about 2,500 points higher than it is today. It would also be well above its all-time high.

That's the calculation of Paul Hickey of Bespoke Investment Group, which crunches numbers about the markets. He says the Dow would be at 15,360, about 1,200 points above its record.

Dow Jones Indexes, which maintains the average, says its purpose is to reflect the broad economy - not pick the hottest stocks.

(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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