Exxon Mobil Exits: The Dow Drops Its Oldest Member
Apple's stock split is the cause of the shake-up at the Dow Jones Industrial Average. But the symbolic shift also represents how Exxon, once a corporate titan, has diminished in stature.
The Dow Jones Industrial Average is the classic blue-chip stock index. Exxon Mobil is an iconic blue-chip stock.
But starting next week, the oil giant â currently the Dow's longest-tenured member â will be dropped from the influential index, which for many people is shorthand for the stock market.
The change is driven by Apple's
