NEW YORK (dpa-AFX) – The retail giant Amazon is also entering the premier class on the stock exchange. The company’s shares will be included in the Dow Jones Industrial Average (Dow Jones 30 Industrial) on February 26, the index provider S&P Dow Jones Indices announced on Tuesday. The drugstore and pharmacy chain Walgreens Boots Alliance, which only managed to be included in the world’s best-known stock index a few years ago, has to make way for this.
S&P justified the change with the increasing importance of retail for the US economy. Walmart’s stock split also played a role: it led to a lower weighting of the retail giant.
In after-hours trading, Amazon shares rose one percent following the news. Walgreens stocks, however, lost three percent./he
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