**Article Analysis:**
**Highlights:**
1. Walgreens being replaced by Amazon in the Dow Jones Industrial Average due to its low stock price and the decision by Walmart to split its stock 3-for-1.
2. The criteria for adding or removing stocks from the Dow Jones and S&P indices are not clearly defined, with decisions made based on factors like stock price, sustained growth, and sector representation.
3. Walgreens’ short tenure in the Dow Industrials and the historical perspective on stock changes in the index, showcasing the rarity of such occurrences.
**Summary:**
The article discusses the recent replacement of Walgreens by Amazon in the Dow Jones Industrial Average, highlighting the factors that led to this decision, such as Walgreens’ low stock price and Walmart’s stock split. It delves into the criteria used by the index committees to make such changes, emphasizing the importance of factors like stock price, sustained growth, and sector representation. The article also provides a historical perspective on stock changes in the Dow Industrials, pointing out the rarity of such occurrences and the significance of having a reason to be removed from the index.
Editorial content by Jordan Fields
