Dow Jones Industrial Average struggling for ‘relevance’ despite Amazon’s addition, say researchers

Amazon.com Inc.’s inclusion in the more than 125-year-old Dow Jones Industrial Average still leaves the popular stock-market barometer with a “relevance” problem, according to Ned Davis Researcher.

Amazon AMZN replaced Walgreens Boots Alliance Inc. WBA in the Dow DJIA on Monday, giving the 30-stock index more exposure to the megacap technology companies that have helped drive U.S. equity benchmarks to fresh records.

But…