Thirty companies, including Apple, Walt Disney and Walmart, make up the Dow Jones Industrial Average—and, as of Monday, Amazon will be one of them. The Seattle-based company will take the place of Walgreens Boot Alliance.
“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 Indices said.
The change was brought on by a decision from Walmart to do a 3-to-1 stock split, reducing its stock’s weighting in the index. The split will occur on the same day that Amazon joins the Dow, and once completed, the Amazon will rank 17th out of 30. Walmart will drop from 17th to 26th.
Ride-sharing company Uber will also join the Dow Jones Transportation Average on Monday, giving the index exposure to the ride-sharing industry. The company will replace JetBlue Airways.
