Amazon Joins Dow Jones, Replacing Walgreens Amid Index Rebalancing
- Amazon joins the Dow Jones Industrial Average, replacing Walgreens
- Amazon joins other big tech companies like Apple and Microsoft in the Dow
- Walgreens is removed due to Walmart's planned 3-for-1 stock split
- Amazon will be the 17th most heavily weighted stock in the Dow
- The changes are meant to rebalance the price-weighted Dow index