Why the Apple Stock Split Bodes Poorly for the Dow

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. 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.