Apple to replace AT&T in Dow industrials on March 18

Apple Inc, the largest U.S. company by market value, will join the Dow Jones Industrial Average on March 18, replacing AT&T Inc, S&P Dow Jones Indices said on Friday. With a market capitalisation of about $736 billion (487.82 billion pounds), Apple is the largest publicly traded company in the world. AT&T, by contrast, has a market value of $176.5 billion. The iPhone and iPad maker had been notable by its absence in the 30-stock average, and it had been excluded because its stock pri