Amazon joins the Dow Jones Industrial Average
Major adjustment! $Amazon(AMZN.US$ set to join the Dow Jones Industrial Average (DJIA), with officially replacing Walgreens as one of the 30 Dow components.
As the third tech giant to be included in DJIA after Apple and Microsoft, Amazon's entry is undoubtedly a sign that tech stocks are playing an increasingly important role in the U.S. economy. What triggered this move? How will it affect the U.S. stock market?
Let's take a look at today's News Decoding.
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