Walgreens $WBA Boots Alliance is getting kicked off the Dow Jones Industrial Average and being replaced by Amazon $AMZN — cementing the e-commerce giant’s influence on the U.S. economy.
The change, which will take place next week, shows how e-commerce has changed the U.S. economy
Walgreens $WBA Boots Alliance is getting kicked off the Dow Jones Industrial Average and being replaced by Amazon $AMZN — cementing the e-commerce giant’s influence on the U.S. economy.
The change, announced late Tuesday and effective Feb. 26, reflects “the evolving nature of the American economy,” S&P Dow Jones Indices said. It also helped that Walmart $WMT’s recent stock split reduced its weight in the index.
Separately, Dow is booting JetBlue Airways from its transportation index and picking up Uber $UBER instead. Even some recent interest from Carl Icahn wasn’t enough to save the U.S. airline from being benched.
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