Why the Apple Stock Split Bodes Poorly for the Dow
One of the more notable announcements to come from Apple's (NASDAQ: AAPL) latest earnings report was a 4-for-1 stock split, the company's first since 2014. The stock split takes effect on Aug. 24.
In a real sense, the stock split means little. It makes no difference to most investors whether they own one share of the tech stock worth about $440, or four shares worth about $110 per share.
However, Apple is one of the 30 stocks that make up the Dow Jones Industrial Average. While that may not seem initially important, a high nominal price increases the stock's influence in the Dow index.
Source Fool.com
