Amazon Joins Dow Jones, Replacing Walgreens

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

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.