Posted 2/20/2024, 10:32:00 PM
Amazon Joining Dow Jones Industrial Average, Replacing Walgreens; Uber In, JetBlue Out of Transportation Index
- Amazon to join Dow Jones Industrial Average next week, replacing Walgreens Boots Alliance
- Change meant to reflect "evolving nature of American economy", increase consumer retail exposure
- Walmart's stock split prompted Dow changes, Walmart to remain in index
- Amazon stock rose after announcement, Walgreens dropped
- Uber to replace JetBlue in Dow Jones Transportation Average
- Uber addition to help index gain ride-sharing industry exposure
- JetBlue's low index weight from low share price prompted transportation index change