"Amazon Replaces Walgreens in Dow Jones Industrial Average"
TL;DR
Amazon is replacing Walgreens in the Dow Jones Industrial Average, reflecting the evolving nature of the American economy and increasing the Dow’s consumer retail exposure. This change means investors will now have exposure to Amazon’s stock performance in the index. The addition of Amazon, along with Apple and Microsoft, reflects the dominance of technology stocks in the index. The change will occur before the US stock market’s opening on Monday, February 26, and also includes Uber replacing JetBlue Airways in the Dow Jones Transportation Average.
Topics:business#amazon#business#dow-jones-industrial-average#sandp-dow-jones-indices#stock-market#walgreens
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