The company has come to shake off the effects of the new crown epidemic, but that will change once Apple’s stock splits and ends its dominance of 30 stocks. On Wednesday, apple entered the $2 trillion club after its share price hit a new high, with the tech giant’s weight in the Dow index of 11.4%, the highest so far. Howard Silverblatt, senior index analyst at S & P Dow Jones Indexes, said Apple’s 1:4 split will take effect on August 31, when its share price will drop to about $117, lowering its weight in the Dow from its highest to No. 16 or 17 and its weight to only about 3.1%. < / P > < p > the Dow uses price weighting, which means that stocks with higher prices have a greater weight in the measure. Most other stock indexes are market weighted, including the S & P 500 index and the Nasdaq composite index. Apple ranks first in the S & P 500 index for its $2 trillion market capitalization. Apple has contributed nearly 1200 points to the Dow this year as the stock has more than doubled from the market low in March. Without Apple’s top weight, the Dow may find it hard to catch up with the S & P 500 and the NASDAQ. The S & P 500 and the Nasdaq have recovered all the losses since the outbreak. The Dow has rebounded more than 50% from the market low in March, but still more than 6% lower than the record high set on February 12. Tom essaye, founder of the seven report, a market research firm, said that after Apple’s split, the only large technology company with greater weight in the Dow was Microsoft. “For the Dow to perform well, the economy must really start to improve, but unfortunately that hasn’t happened.” < / P > < p > the Dow is mainly composed of blue chip optional consumer stocks and industrial stocks, which is widely regarded as a barometer of the overall economic situation. But these cyclical stocks have become the biggest victims of the new crown epidemic. As of Wednesday, two-thirds of the Dow’s components were still at a loss, with Boeing’s share price down 48%, which severely affected the index’s performance.