Apple's stock recently crossed the $400 threshold, leading to speculation that the company could join the elite group of companies on the Dow Jones Industrial Average.
This speculation might be premature as there are financial hurdles preventing Apple from easily hopping on the DJIA. First, the DJIA is price-weighted, so any change in Apple's $400 stock would have a huge impact on the index. So much influence that Bespoke Investment Group said the DJIA would need to be renamed to the Dow Jones Industrial Apple.
Even a small US$1.82 change would cause the Dow Jones average to jump by 14 points. Imagine the boost the DJIA would get from Apple's stock price, which has climb $90.89 in the past.
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