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| Digital will dominate the Dow - DigitalAsian |
Digital Will Dominate the Dow Jones
Do the companies which comprise the Dow Jones properly represent the economy or should more Tech firms – Google, Amazon, Facebook, Nvidia, Netflix, Uber, etc. – be in the Dow Jones?
Dow Jones slowly changes in the digital world. Digital technology companies will slowly dominate the markets because they are in the business of everything. You only need to see the acquisitions being made by Google, Apple, Amazon etc. Dow goes virtual.
Slowly the Tech Giants (FAANG stocks) and others will begin to replace older companies in the Dow Jones Industrial Average. When Apple replaced AT & T in the Dow Jones in 2015 it signaled the growing dominance of the tech companies to the economy. This change reflects the changing economy and dependence on technology. Apple is one of the most valuable companies in the world now.
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