Traders work on the floor of the New York Stock Exchange during morning trading on January 31, 2024 in New York City.
On Monday, Amazon officially becomes a member of the Dow Jones Industrial Average , replacing Walgreens Boots Alliance .
The Dow is a smaller average than the S&P 500, with just 30 components, and it's weighted by the share price of the individual stocks rather than the companies' total market value.
That makes some investors view the Dow, begun in May 1896, as a poor representation of the American stock market.
The three largest tech stocks in the Dow by market cap as of Friday were Apple , Microsoft and Salesforce , while key companies such as Nvidia and Alphabet were excluded.
Persons:
Dow
Organizations:
New York Stock Exchange, Amazon, Dow Jones, Walgreens, Alliance, Dow, Apple, Microsoft, Nvidia
Locations:
New York City, U.S