"Amazon Joins Dow Jones Industrial Average, Replacing Walgreens"

Amazon will replace Walgreens in the Dow Jones Industrial Average, giving investors more exposure to the online retailer. The change, effective Feb. 26, reflects the evolving American economy and will increase consumer retail exposure in the DJIA. Amazon's diverse business areas, including its cloud business and advertising revenue, contribute to its market leadership. Walgreens has been a Dow component since 2018, and this change comes after Walmart's stock split prompted a revision in index weight.