US tech giant Apple will join the blue-chip Dow Jones Industrial Index later this month, replacing venerable telecom company AT&T, S&P Dow Jones Indices announced Friday. The inclusion of the iPhone and iPad maker in the elite list of 30 top companies comes long after Apple had earning the title of the world's biggest company by market capitalization, now with a value of more than $730 billion. S&P Dow Jones said it shifted Apple into the prestigious index to ensure adequate representation of the information technology sector. "As the largest corporation in the world and a leader in technology, Apple is the clear choice for the Dow Jones Industrial Average, the most recognized stock market measure," said David Blitzer, managing director of the index committee at S&P Dow Jones Indices.
Record-breaking cold gripped the U.S. from Texas to New York on Friday as a winter storm that dropped roughly two feet of snow (61 cm) on parts of the eastern United States moved out to sea. Schools in the metropolitan areas of New York and Washington, D.C., canceled classes. The National Weather Service warned of flooding and told commuters from the lower Mississippi valley to the mid-Atlantic to be wary of dangerous road conditions created by the snow, ice and slush. Low temperatures shattered records in Texas, Arkansas, Louisiana, Mississippi, Kentucky, Ohio, Illinois, Michigan, Maryland, Virginia, Pennsylvania, New York, said NWS meteorologist Bruce Terry.