Feb 26, 2024 - Economy

Charted: Amazon's first day on the Dow

Data: YCharts; Chart: Axios Visuals
Data: YCharts; Chart: Axios Visuals

Amazon's stock closed down 0.2% today, its first day as a Dow Jones Industrial Average component, Hope writes.

Context: It's a largely symbolic milestone. Silly as the index may be, according to Axios' Felix Salmon, Amazon's inclusion comes after Walgreens got the boot (pun intended).

  • The country's biggest drugstore chain joined in 2018, replacing GE. Since then, Walgreens has lost about 65% of its value as it reeled from a series of challenges.

This story was an excerpt from Axios Closer, a recap on the day's biggest business stories.

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