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From: Julius Wong	2/20/2024 9:04:04 PM
	1 Recommendation of 8263

Amazon and Uber to be added to Dow Jones Indices Feb. 20, 2024 5:44 PM ET By: Amy Thielen, SA News Editor 26 Comments bopav S&P Dow Jones Indices announced late Tuesday that Amazon (NASDAQ: AMZN) will be added to the industrial index replacing Walgreens Boots Alliance (NASDAQ: WBA). The change is to reflect the evolving nature of the economy and was prompted by Walmart’s ( WMT) 3-for-1 stock split which will reduce Walmart’s index weight. Walmart ( WMT) will continue to trade in the industrial average. Additionally, Uber (NYSE: UBER) will be added to the Dow Jones Transportation Average, replacing JetBlue (NASDAQ: JBLU). The inclusion of Uber ( UBER) is to increase exposure within the index to the ride-sharing industry. And as the index is price-weighted, JetBlue’s less than one-half of one percentage point weight in the index prompted its removal. The changes in the DJIA and DJTA are effective before the open on Feb. 26. The news drove shares of Amazon ( AMZN) higher in after-hours trade while Walgreens ( WBA) is losing more than 3.5%. Uber ( UBER) is also on the move higher with JetBlue ( JBLU) shares 0.4% lower.

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