Re:Alphabet Announces First Quarter 2022 Results
by hasty on Tuesday April 26, 2022 @08:04PM
(#31174705)
No, it wouldn't. The Dow is weighted for exactly this reason: https://en.wikipedia.org/wiki/Dow_Jones_Industrial_Average#C...
The Dow itself is a bit of gimmick in that its value is the sum of all the prices of the stocks in the index. Meaning if Google joins at $120 but kicks out a stock that was $300 then the Dow would go down 180 points.