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GE Is Not in the DAW Index
In 1998, AT&T made up 3.4% of the total US market cap; as of June 2018, Apple was 2.6%. We've seen large, successful companies in the past and it's not like there's been a winner take all environment where the largest companies are just taking over the whole entire stock market. In 1998, the five largest companies made up 11.6% of the US market, five largest companies today. 11.5%. Almost exactly the same.