Walgreens Boots Alliance is getting kicked off the Dow Jones Industrial Life like and being replaced by Amazon — cementing the e-commerce massive’s have an effect on on the U.S. financial system.
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The alternate, announced gradual Tuesday and effective Feb. 26, shows “the evolving nature of the American financial system,” S&P Dow Jones Indices acknowledged. It also helped that Walmart’s contemporary stock atomize up diminished its weight in the index.
Walgreens has been on the proverbial lowering block for a whereas. At roughly $19 billion, it has the smallest market cap among the Dow’s 30 firms.
One at a time, Dow is booting JetBlue Airways from its transportation index and selecting up Uber as any other. Even some contemporary interest from Carl Icahn wasn’t ample to keep the U.S. airline from being benched.
