Amazon to join Dow Jones Industrial Average, reflecting ‘evolving nature of American economy’

February 20, 2024

Amazon.com Inc. is set to join the Dow Jones Industrial Average in a week, a move meant to reflect “the evolving nature of the American economy,” S&P Dow Jones Indices said late Tuesday.

Amazon
AMZN,
-1.43%
replaces Walgreens Boots Alliance Inc.
WBA,
+1.50%
in the Dow Jones
DJIA.
The change was prompted by Walmart Inc.’s
WMT,
+3.23%
3-to-1 stock split, Dow Jones Indices said.

Amazon’s stock rose 1.3% in after-hours trading following the news.

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