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Never Mind Apple, Goldman Sachs Dominates the Dow

Apples market value is larger, but index is weighted according to share price.

By Joseph Ciolli and Michelle F. Davis, Bloomberg | Updated on March 19, 2015

One of the most recognizable companies in the world is about to cement its grip on the Dow Jones Industrial Average, and it’s not who you think.

While Apple Inc. enters the average Thursday, it’s Goldman Sachs Group Inc. that will see its influence on the 118-year-old gauge solidified, garnering the biggest weighting after a stock split this week by Visa Inc. New York-based Goldman Sachs, with a 7.1 percent share, will be the first bank to hold the top spot since JPMorgan Chase & Co. in 2000.

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