Investing
Amazon to replace Walgreens Boots Alliance in Dow
© Reuters Amazon to replace Walgreens Boots Alliance in Dow
Amazon (NASDAQ:) has been selected to replace Walgreens Boots Alliance (NASDAQ:) in the (DJIA), S&P Dow Jones Indices announced Tuesday evening.
The move is effective before the open of trading on Monday, February 26.
This adjustment is in response to the dynamic shifts in the American economy and aims to enhance consumer retail exposure and other business sectors within the DJIA. The decision to make this change was influenced by Walmart Inc. (NYSE:), a constituent of the DJIA, opting for a 3:1 stock split. This stock split will result in a reduced index weight for Walmart, given the price-weighted construction of the index, but Walmart will continue to be part of the DJIA.
Further, it was announced that Uber Technologies Inc . (NYSE:) is set to take the place of JetBlue Airways Corp. (NASDAQ:) in the Average. This adjustment is designed to provide the index with exposure to the ride-sharing industry. The decision to make this change was driven by JetBlue’s minimal impact on the index, with a weight of less than one-half of one percentage point, attributed to its low share price. The Dow Jones Transportation Average operates as a price-weighted index, where the influence of very low-priced stocks is negligible on the overall index.
Read the full article here
-
Side Hustles7 days ago
Protect Your Business With AdGuard VPN’s Powerful Security Features
-
Passive Income7 days ago
This Minimalist Lamp Lets You Pick From 16 Million+ Lighting Colors for Maximum Productivity
-
Side Hustles5 days ago
3 Steps You Can’t Miss When Growing Your Business
-
Make Money6 days ago
15 Jobs That Will Shrink the Fastest Over the Next Decade
-
Side Hustles6 days ago
How to Maximize Your Profits With This Annual 8-Step Checklist
-
Passive Income6 days ago
Why Email Marketing Is Still Your Business’s Most Powerful Tool
-
Side Hustles6 days ago
Want to Start a Business? Consider Buying One Instead — Here’s Why.
-
Investing5 days ago
Germany stocks lower at close of trade; DAX down 0.65% By Investing.com