MARKET
Amazon to join Dow Jones Industrial Average next week
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,
replaces Walgreens Boots Alliance Inc.
WBA,
in the Dow Jones
DJIA.
The change was prompted by Walmart Inc.’s
WMT,
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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