Amazon to be added to the Dow Jones Industrial Average, replacing Walgreens Boots Alliance

Amazon.com is being added to the Dow Jones Industrial Average, joining Apple, Walt Disney, Walmart and other companies that make up the 30-stock average. The e-commerce giant will replace drugstore operator Walgreens Boots Alliance in the Dow before the open of trading on Monday, S&P Dow Jones Indices said Tuesday. The shift was prompted by Walmart’s decision to do a 3-to-1 stock split, which will reduce its stock’s weighting in the index. The Dow is a price-weighted index, so stocks that fetch higher prices are given more weight. Meanwhile, ride-sharing service Uber Technologies will be added to the Dow Jones Transportation Average, replacing JetBlue Airways.