"Amazon's Inclusion in the Dow Jones Industrial Average Signals Major Market Shift"

TL;DR Summary
Amazon is set to join the Dow Jones Industrial Average on Monday, replacing Walgreens Boots Alliance, in a move aimed at modernizing the index and bridging the gap with the S&P 500, which has outperformed the Dow. The addition of Amazon, a major tech giant, is expected to help the Dow gain exposure to fast-growing companies and close the performance disparity with the S&P 500, which has seen a tech-led rally. However, historical data suggests that stocks replaced in the Dow often outperform their replacements in the short term.
- Amazon joins the Dow, giving the 127-year old index a needed upgrade CNBC
- The Dow's Amazon-Walmart-Walgreens shakeup is a reminder why it's no longer the benchmark Yahoo Finance
- Amazon officially joins the Dow Jones Industrial Average, booting out Walgreens CNN
- Why Amazon and Uber investors might wish those stocks weren’t joining Dow indexes MarketWatch
- Amazon joins 29 other 'blue chip' companies in the Dow Jones Industrial Average The Associated Press
Reading Insights
Total Reads
0
Unique Readers
0
Time Saved
2 min
vs 3 min read
Condensed
81%
478 → 89 words
Want the full story? Read the original article
Read on CNBC