Amazon joins Dow Jones Industrial Average on Monday
Dow has only 30 companies; Amazon replaces Walgreens Boots Alliance in blue-chip index
By Ovunc Kutlu
ISTANBUL (AA) - Amazon.com Inc. joined the Dow Jones Industrial Average (DJIA) on Monday, becoming a member of the blue-chip index.
The e-commerce and tech firm's stock price was down 0.12% to $174.78 per share at 9.59 a.m. EDT.
Amazon replaced Walgreens Boots Alliance Inc. in the DJIA.
The Dow has only 30 companies, while it is weighted by the stock price of firms' individual stocks rather than their total market values.
Amazon's market value stands approximately at $1.8 trillion.
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