Search
EN Down
Language
Hi, user_no_name
Live Chat

Amazon replaces Walgreens on the Dow Jones Industrial Average

 

Index provider announces Amazon will replace Walgreens on the Dow 

Amazon.com Inc. is poised to become a member of the Dow Jones Industrial Average (DJIA) in a week, an inclusion aimed at showcasing the dynamic nature of the U.S. economy, according to a statement from S&P Dow Jones Indices on Tuesday evening. 

“Reflecting the evolving nature of the American economy, this change will increase consumer retail exposure as well as other business areas in the DJIA,” S&P Dow Jones said. 

The e-commerce giant is set to replace Walgreens Boots Alliance Inc. within the DJIA — a move influenced by Walmart's recent 3-for-1 stock split. 

Following the announcement of the Walmart stock split late last month, the retail corporation will maintain its position in the DJIA, as confirmed by the index provider. 

After the announcement, Amazon shares saw a 1.3% increase in after-hours trading, whereas Walgreens stock saw a 3% decline. 

At the time of writing on Wednesday, Amazon stock was trading up 0.68% in premarket hours. Walgreens shares remained down 2.96%. 

 

Choose your points of movement

Сalculate your hypothetical P/L (aggregated cost and charges) if you had opened a trade today.

Market

Shares Search
Shares
Index
Commodity
Bonds
Crypto
ETFs
Currency

Instrument

Search
Clear input
Occidental
Prosus N.V.
Porsche AG
Hermes
CAT
Thermo Fisher
Nikola Corporation
Tilray
Shell plc (LSE)
Skillz Inc
Iberdrola
DeltaAir
CrowdStrike Holdings
Golar LNG
Applied Materials
Snowflake
Royal Bank Canada
Amazon.com
Spotify
Exxon Mobil
CCB (Asia)
McDonald's
Campari
GameStop
Netflix
ON Semiconductor
Costco
Dave & Buster's
Delivery Hero SE
LUCID
Continental
SunPower
Zoom Video Communications
Schlumberger
Virgin Galactic
Upwork Inc.
Cameco
JP Morgan
Fuelcell
Rivian Automotive
XPeng Inc
Wal-Mart Stores
Trade Desk
Blackstone
Vodafone
Aptiv PLC
L'Oreal
Target
Rio Tinto
Sartorius AG
British American Tobacco
Qorvo
ASOS
Cisco Systems
Nel ASA
Arista
Airbus
Apple
Pfizer
AMC Entertainment Holdings
ASML
Hubspot
Teladoc
Starbucks
SMCI
Canopy Growth
Wish.com Inc
Lockheed Martin
ProSiebenSat.1
IAG
AbbVie
Marston's
Baidu
Teleperformance
Norwegian Air Shuttle
Airbus Group SE
HSBC HK
Block
Annaly Capital
Abbott
LVMH
American Express
Novavax
GoPro
Siemens
Total
SIG
Pinterest Inc
Taiwan Semi
Etsy
Amgen
SONY
3D Systems
UPS
Yandex
BlackBerry
Gen Digital Inc
Xiaomi
Quanta Services
Unity Software
NVIDIA
Anglo American
Palantir Technologies Inc
Fresnillo
Deere
Rolls-Royce
Porsche
Uber
Vir Biotechnology
American Airlines
ROBLOX Corp
Macy's
FirstRand
easyJet
DISNEY
Aurora Cannabis Inc
BP
Adidas
Boeing Co
Vonovia
Coca-Cola Co (NYSE)
Home Depot
General Electric
Coinbase Inc
ALIBABA HK
Philip Morris
General Motors
PayPal
UniCredit
II-VI
BASF
Kraft Heinz
Alphabet (Google)
Palo Alto Networks
Evraz
Plug Power
Li Auto
Oracle
Roku Inc
UiPath Inc
Upstart Holdings Inc
F5 Networks
Infinera
Inditex
ZIM Integrated Shipping Services Ltd
Deutsche Bank
Hammerson
IBM
JD.com
Barrick Gold
TUI AG (LSE)
Lemonade
MerckCo USA
Infosys
Invesco Mortgage
Comcast
Santander
Accenture
Anheuser-Busch Inbev
Visa
Mastercard
Ozon
T-Mobile
SAP
Wayfair
Beyond Meat
Kuaishou
CarMax
Tesla
Lyft
Medtronic
Adobe
Morgan Stanley
Workday Inc
Blackrock
Vipshop
Meta (Formerly Facebook)
Linde PLC
Micron
Lululemon
Ceconomy
Chipotle
Gilead
Avacta
Naspers
Bristol Myers
Samsung
The Cheesecake Factory
Glencore plc
British American Tobacco
ChargePoint Holdings Inc
Twilio
Intel
Lloyds
CNOOC
Electrolux
Wells Fargo
Sea
PG&E
Fedex
Citigroup
Peloton Interactive Inc.
eBay
Microsoft
JnJ
Bilibili Inc
Trump Media & Technology Group
AIA
Nasdaq
Air France-KLM
Allianz
Lithium Americas Corp
Procter & Gamble
Qualcomm
AMD
New Oriental
MercadoLibre.com
Mondelez
Lumentum Holdings
Two Harbors Investment aration
AstraZeneca
Norwegian Cruise Line
Unilever
GoHealth
PepsiCo
Barclays
PETROCHINA
Goldman Sachs
Eli Lilly
HSBC
Cellnex
Berkshire Hathaway
Jumia Technologies
HDFC Bank
RTX Corp
Bayer
Bank of America
Chevron
ADT
DoorDash
Marriott
Nike
AT&T
GSX Techedu
Robinhood
Telecom Italia
Deliveroo Holdings
TUI
Freeport McMoRan
Toyota
BioNTech
Airbnb Inc
Alibaba
Verizon
Nio
Eni
Ford
Hanesbrands
Volkswagen
UnitedHealth
Shopify
China Life
Snap
Christian Dior
Conoco Phillips
Lufthansa
Tencent
Moderna Inc
Salesforce.com
Broadcom
Diageo
Toro
Cinemark

Account Type

Direction

Quantity

Amount must be equal or higher than

Amount should be less than

Amount should be a multiple of the minimum lots increment

USD Down
$-

Value

$-

Commission

$-

Spread

-

Leverage

-

Conversion Fee

$-

Required Margin

$-

Overnight Swaps

$-
Start Trading

Past performance is not a reliable indicator of future results.

All positions on instruments denominated in a currency that is different from your account currency, will be subject to a conversion fee at the position exit as well.

 

Uber to replace JetBlue Airways on DJT transportation index 

S&P Dow Jones Indices also announced that Uber Technologies Inc. would take the place of JetBlue Airways Corp. in the Dow Jones Transportation Average (DJT), with both changes set to be implemented before the opening bell on February 26. 

This adjustment aims to bring the index closer to the ride-sharing sector, influenced by JetBlue's minimal presence in the index — under one-half of one percent — due to its low stock price. The Dow Jones Transportation Average operates as a price-weighted index. 

JetBlue is currently challenging a court decision that halted its merger with Spirit Airlines Inc., striving to secure a position in the ultra-low-cost carrier market and the domestic leisure travel segment. The airline is also contesting a ruling that obstructed its regional partnership with American Airlines Group Inc. 

Amazon adds Magnificent Seven flair to the Dow 

The decision to swap retail pharmacy Walgreens for tech behemoth Amazon in the Dow might come at a bad time, according to Barron’s reporter Brian Swint. 

The rationale behind the move appears to be sound, as Walgreens has been facing numerous challenges and has ceased to be a dependable barometer for the overall vitality of the U.S. stock market — a role the DJIA aims to fulfill. The company's stock has plummeted by nearly 40% in the last year. 

However, Walgreens' struggles are not the sole factor behind the Dow's lackluster performance. Over the past year, the Dow has seen a 14% increase, lagging behind the 22% rise in the S&P 500 index and the Nasdaq's 42% surge. The reason for that is the meteoric rise of technology stocks — specifically the Magnificent Seven that have contributed the bulk of index gains since the start of 2023.  

As of now, only Apple and Microsoft from that group are in the Dow. Amazon shares, with their 74% 12-month gain, is a welcome addition. 

“Amazon, like Walgreens, can be considered a consumer retail stock—unlike peers such as Meta Platforms or Alphabet. But it also generates a lot of its growth from its cloud computer services unit. Its recent gains are on the back of tech services buzz, not selling goods. 

Still, it isn’t like the Dow is cheating. Tech stocks are arguably underrepresented in the index anyway, so Amazon seems like a reasonable hybrid. And—similar to when the Dow started in 1896 with companies dealing in tobacco, cotton, and railroads—technology stocks are the pillars of the U.S. stock market. They deserve a heavy weighting,” Swint wrote in Barron’s daily newsletter on Wednesday. 

The issue lies in the Federal Reserve's inclination to keep interest rates "higher for longer.”  

On a day marked by the release of Federal Reserve meeting minutes and Nvidia's financial results, there will be speculation about whether the “Magnificent Seven” is nearing its end of its remarkable run. 

When considering shares and indices for trading and price predictions, remember that trading CFDs involves a significant degree of risk and could result in capital loss. 

Past performance is not indicative of any future results. This information is provided for informative purposes only and should not be construed to be investment advice. 

Latest news

UBS Global Research issues Street-high S&P 500 forecast

Tuesday, 28 May 2024

Indices

UBS leapfrogs UBS with new year-end S&P 500 forecast

Gold price gains ahead of US PCE inflation release

Monday, 27 May 2024

Indices

Gold price gains as focus turns to US inflation data

US dollar slated to remain firm over Memorial Day weekend

Friday, 24 May 2024

Indices

US dollar holds firm as traders trim Fed rate cut bets

OPEC meeting in focus for traders this week

Thursday, 23 May 2024

Indices

Week ahead: Oil traders eye next OPEC meeting, big inflation week

Live Chat