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Amazon joins the Dow Monday, giving the 127-year-old index a needed upgrade as it trails the S&P 500

Posted on AllSides February 26th, 2024
From The Center
Economy and Jobs, Amazon, Dow Jones, Stock Market
Michael M. Santiago | Getty Images

Wall Street’s blue-chip index is getting a shakeup this week that will make its roster look more modern and potentially help reverse its recent underperformance.

On Monday, Amazon officially becomes a member of the Dow Jones Industrial Average, replacing Walgreens Boots Alliance. Shares of the dominant e-commerce platform have surged more than 80% over the past year, making it one of several large stocks that have powered the S&P 500 to new highs while the Dow has struggled to keep up.

The Dow is a smaller average than the S&P 500, with just 30 components, and it’s weighted by...

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