Apple Will Replace AT&T In The Dow Jones Industrial Average

NEW YORK (Reuters) - Apple Inc, the nation's largest company by market value, will join the Dow Jones Industrial Average on March 18, replacing AT&T Inc, S&P Dow Jones Indices said on Friday.

Apple holds a market capitalization of about $736 billion, making it the largest publicly traded company in the world. AT&T, by contrast, has a market value of $176.5 billion.

The iPhone and iPad maker had been notable by its absence in the 30-stock average, precluded from inclusion because its stock price was too high for the price-weighted index. The move by S&P Dow Jones Indices had been widely anticipated since a seven-for-one stock split in June 2014.

(Reporting By David Gaffen; editing by Dan Burns)

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