Never mind Apple, it's now the Goldman Sachs era in the Dow

New York

ONE of the most recognisable companies in the world is about to cement its grip on the Dow Jones Industrial Average, and it's not who you think.

While Apple Inc enters the average on Thursday, it's Goldman Sachs Group Inc that will see its influence on the 118-year-old gauge solidified, garnering the biggest weighting after a stock split this week by Visa Inc. New York-based Goldman Sachs, with a 7.1 per cent share, will be the first bank to hold the top spot since JPMorgan Chase & Co in 2000.