The Dow has become way more tech-focused in recent years with the additions of Salesforce, Amazon, and Nvidia. Sherwin-Williams better represents the materials sector than Dow Inc. In the Dow, companies with higher stock prices have higher weightings.

The Dow Jones Industrial Average ( ^DJI 0.59%) is making its second major change in 2024. Earlier this year, Amazon ( AMZN -0.89%) replaced Walgreens Boots Alliance. Now, Nvidia ( NVDA -0.84%) is swapping with Intel, and Sherwin-Williams is replacing chemical giant Dow.