Amazon Replaces Walgreens in Dow Jones Industrial Average, Increasing Investor Exposure
  • 2 months ago
Amazon will replace Walgreens Boots Alliance in the Dow Jones Industrial Average effective February 26th. The change was prompted by Walmart's recent 3-for-1 stock split, which reduced its index weight. Including Amazon will increase exposure to consumer retail and other business areas for Dow investors. Beyond retail, Amazon generates revenue from advertising, cloud computing, and other segments. Walgreens has been a Dow component since 2018, replacing GE. Amazon reported $10.6 billion in fourth-quarter earnings compared to Walgreens' loss of $278 million, excluding some items.