The Peter Ships Show.

Today was another typical day in the US stock market with both the S&P 500 and the NASDAQ,

not only finishing positive on the day, but each registering new record highs.

And again, as has been typical, the Dow Jones did not follow suit.

Not only did the Dow not make a new record high, it didn't even close positive.

The Dow is off about 60 points on the day.

In fact, on Friday, the Dow Jones people announced that they were going to be making some

substitutions to coincide with the 4-to-1 split from Apple.

I talked about that on an earlier podcast since the Dow Jones is a price weighted index.

And Apple at $500 a share, I think was the highest price stock in the Dow, it had the

biggest influence on the Dow.

And of course, since Apple has been such a strong performer, it has been powering the

Dow.

And that's all going to change after the split because it's going to go from the number

one weighting to maybe number 16 or 17 or something like that.

So the people at Dow Jones want to make sure that they maintain the momentum.

So what they're doing is they're making some substitutions.

So they're kicking out Exxon mobile, Pfizer and Raytheon.

And they're adding salesforce.com, Amgen and Honeywell.

And they're hoping, I think, that these new additions will provide some extra oomph to

the Dow Jones.

Now clearly, they're getting rid of an energy stock, Exxon mobile.

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