Amazon replaces Walgreens in Dow Jones Industrial Average next week.
Amazon is joining the Dow Jones Industrial Average (DJIA) next week, replacing Walgreens Boots Alliance, according to S&P Dow Jones Indices. The move aims to reflect the evolving nature of the American economy, increasing consumer retail exposure and other business areas in the DJIA. Amazon's stock rose by 1.3% following the announcement, while shares of Walgreens dropped 3%. Uber Technologies will replace JetBlue Airways in the Dow Jones Transportation Average on February 26th.
February 20, 2024
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