Amazon joins the Dow on Monday, giving the 127-year-old index a needed upgrade as it trails the S&P 500
Publishing timestamp: 2024-02-26 12:37:00
Summary
The Dow Jones Industrial Average is getting a shake-up this week with Amazon replacing Walgreens Boots Alliance. The addition of Amazon, a tech giant, may help the Dow catch up to the S&P 500, which has outperformed it in the past year. However, historical data shows that stocks kicked out of the Dow often outperform their replacements in the short term. The change could still be a positive move to keep the Dow relevant to investors.
Sentiment: MIXED
Tickers: .SPX, NVDA, GOOGL, CRM, AMZN, MSFT, SPGI, AAPL, WBA, .DJI,
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