USA TODAY: Right now, Apple mania is the feel-good story on Wall Street. But the “Apple Effect” would have been even greater had the keepers of the Dow Jones industrial average added the maker of the iPad and iPhone instead of Cisco Systems in June 2009 when it ousted then-struggling General Motors.
The reason? Had Apple, now the planet’s most valuable company, been added to the iconic stock index on June 8, 2009, the Dow would now be trading at a record 14,810.80, or 16% above Wednesday’s close, according to a calculation by Bespoke Investment Group.
But in reality, at 12,781 the Dow is 9.8% below its Oct. 9, 2007, record close of 14,164.53… (more)
