CNN —Walgreens Boots Alliance is getting the boot from the 30-stock Dow Jones Industrial Average and Amazon is taking its place.
The change means that investors who bet on the Dow Jones Industrial Average will now have exposure to Amazon’s stock performance.
Amazon’s stock rose more than 1% and Walgreens’ stock fell 3% in after-hours trading on Tuesday.
S&P Dow Jones Indices also announced that Uber would replace JetBlue Airways in its Dow Jones Transportation Average, which is a 20-stock index that tracks the performance of US transportation companies.
Walgreens’ stock is down 68% in the past 5 years, while JetBlue’s stock has fallen 59% in the same time period.
Persons:
Dow, Dow hasn’t, Uber
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CNN, Walgreens Boots Alliance, Dow Jones Industrial, Dow Jones Indices, Dow Jones, Apple, Microsoft, Dow, Nvidia, Tesla, Walgreens, JetBlue Airways, Dow Jones Transportation, JetBlue