Faculty News

Prof. Richard Sylla on the evolution of the Dow's 30 stocks

Los Angeles Times logo
Excerpt from Los Angeles Times -- "The replacement of AT&T with Apple is emblematic of how the Dow has managed to adapt to changes in markets and the economy, said Richard E. Sylla, a historian of financial institutions and markets at New York University's Stern School of Business. 'AT&T, which was in the Dow for much of the 20th century, was how people used to make phone calls,' he said. 'Now Apple is the way people make phone calls.'"

Read more