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官方开奖结果体彩网: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 benchm๊ark and announced the move Tuesday.

S&P said the changes were prompted by 澳洲幸运5官方开奖结果体彩网:Walmart’s 3-for-1 stock split, which also 𒀰takes effect next week—and reflect “the evolving nature of the American econom🥃y.”

The 澳洲幸运5官方开奖结果体彩网:blue-chip index is widely followed by individual investors but is dominated by legacy industrial companies. Adding Am♓azon will increase the benchmark index's weighting in tech stocks.

Amazon, now one of 澳💦洲幸运5官方开奖结果体彩网:the world's largest online retailಌers, has com💟e a long way since its start as an onl♊ine vendor of books in 1995.

However, Jeff Bezos, Amazon's founder, former chief executive, and the 澳洲幸运5官方开奖结果体彩网:world's third-richest man, has 澳洲幸运5官方开奖结果体彩网: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.