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Of all the major changes to the Dow on Monday, this may be the most important


The Dow Jones Industrial Average will see a handful of important changes take effect Monday morning, but it is, perhaps, the change to how it is calculated that will be the most important for Wall Street over the near term.

Starting at Monday’s open, the so-called divisor — the figure used to determine the influence of any of the 30 components that make up the price-weighted Dow industrials

— will be changed for the first time since April 2019.  

The move is at least partly precipitated by Apple Inc.’s

fifth stock split in its 40 years as a publicly traded company. Apple’s


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