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What was the DJIA index committee thinking?

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Apple's upcoming stock split would have lowered the DJIA's Tech weight, so Salesforce was added. After changes, the DJIA is still underweight Tech and Communications, and overweight Industrials, versus the S&P 500. The DJIA has risen faster in the year before changes than in the year after.

Ned Davis Research | Equities | U.S. Focus | Weekly

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