How Apple's Stock Split Will Affect the Dow Jones Industrial Average

Apple (NASDAQ: AAPL) announced a 4-for-1 stock split when it reported fiscal third-quarter results last month, the first such corporate action since the last split (7-for-1) occurred back in June 2014. While stock splits are generally meaningless in terms of fundamentals due to the way that math works, the move will actually have a significant impact on the Dow Jones Industrial Average (DJINDICES: ^DJI). For starters, you have to recall that the Dow is unique among all major benchmarks: The index is price-weighted instead of market-cap-weighted.