Amazon.com Inc. (AMZN) rose 1% in early trading Wednesday following news that the online retailing giant is set to join the 澳洲幸运5开奖号码历史查询:Dow Jones Industrial Average, replacing pharmacy chain Walgreens Boots Alliance (WBA).

The changes will be effective next Monday, according to S&P Dow Jones Indices, which manages the storied 30-stock benchmark and a𝔉nnounced the move Tuesday.

S&P said the changes were prompted by 澳洲幸运5开奖号码历史查询:Walmart’s 3-for-1 stock split, which also takes effect next week—and reflect “the evolving nature of the Americ🐻an economy.”

The 澳洲幸运5开奖号码历史查询:blue-chip index is widely followed by individual investors but is dominated by legacy industri𒐪al companies. Adding Amazon will increase the benchmark index's weighting in tech stocks.

Amazon, now one of 澳洲幸运5开奖号码历史查询:the world's la𒉰rgest online retailers, has come a lon♔g way since its start as an online vendor of books in𓃲 1995.

However, Jeff Bezos, Amazon's founder, former chief executive, and the 澳洲幸运5开奖号码历史查询:world's third-richest man, has 澳洲幸运5开奖号码历史查询:been selling Amazon stock lately. Bezos sold more than 14 million shares of his company valued at roughly $2.4 billion, bringing the total sold since the start of the month to 50 million.

Shares of Amazon are up more than 11% this year. Walgreens shares were down 3% in early trading Wednesday and are down 16% this year.