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

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Source: CNBC
"Amazon's Inclusion in the Dow Jones Industrial Average Signals Major Market Shift"
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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.

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