Will a more volatile Dow Jones Industrial average follow suit after Amazon's addition?
Amazon joins the Dow Monday, as the 127-year old index adds a much higher-beta stock that could bring some bigger moves with more frequency going forward.
Remember, that for every $1 any Dow stock moves, the index moves roughly 6.5 points.
But contrast Amazon's moves to even Walmart, which had essentially the same share price pre-split as Amazon (WMT $175.56, AMZN $174.99).
Apple had a share price of about $127 when it was added in March 2015 (price based on pre-2020 4-for-1 split levels).
Persons:
Will, it's
Organizations:
Dow, Walgreens, Walmart, Apple