Apple to Replace AT&T in the Dow Jones Industrial Average

Tech giant Apple is joining the Dow Jones Industrial Average, replacing AT&T.

The change is expected to take place after the market close on March 18. The change will be effective with the opening of trading on Thursday, March 19. The index change was prompted by Visa 4-for-1 stock split which is scheduled to be effective at the same time.

Apple has a market capitalization of about $736 billion, making it the largest publicly traded company in the world. AT&T has a market value of nearly $175 billion.

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-- JeeYeon Park