### Comment:
So if one of the DJIA companies decides to do a split, the index will fall?

### REPLY:
No, the way the Dow worked at first was that they added up all the stock prices in the numerator then divided by the number of stocks. With a stock split, they basically keep the Dow price pre split and then readjust the divisor in order to give it the same price. We had to learn how it’s done in one of my equity classes, it is by far the most retarded index and no one should give a shit about it.

### END.