Amazon replaces Walgreens in Dow Jones Industrial Average, addressing tech sector underweight.
Amazon.com Inc., a major e-commerce player, has joined the Dow Jones Industrial Average, replacing Walgreens Boots Alliance. The inclusion of Amazon, which has driven US equity benchmarks to fresh records, addresses the index's underweight position in the tech sector relative to the S&P 500. Despite the addition of Amazon, the Dow still struggles with relevance as it lacks sufficient representation from technology titans.
February 26, 2024
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