Particle.news
Download on the App Store
13 ARTICLES
·
last yr.

Amazon Joins Dow Jones, Replacing Walgreens

The inclusion of Amazon reflects shifts in the economy, prompted by Walmart's stock split.

Overview

  • Amazon is set to join the Dow Jones Industrial Average, replacing Walgreens Boots Alliance, effective Monday, February 26, 2024.
  • The change reflects the evolving nature of the American economy, increasing the Dow's consumer retail exposure.
  • Walmart's 3-to-1 stock split prompted the shift, affecting the index's weighting and leading to Amazon's inclusion.
  • Amazon's entry into the Dow marks its significance in the tech and retail sectors, joining other tech giants like Apple and Microsoft.
  • The inclusion of Amazon and the replacement of Walgreens and JetBlue with Uber in the Dow Jones Transportation Average highlight shifts in market dynamics and the economy.