General Electric drops out of Dow index

By STOCK, Investment


General Electric drops out of Dow index

General Electric is losing its place on the Dow Jones Industrial Average after more than 100 years in a move that reflects a fall in the firm’s fortunes and changes to the US economy.

Walgreens Boots Alliance is to take its spot on the financial index, which tracks shares of 30 companies deemed representative of the US economy.

The change takes effect on 26 June.

The firm that runs the index said the change is meant to reflect the growth of the healthcare sector.

BBC News

https://www.bbc.com/news/business-44542455

GE to end more than 100-year run on Dow; Walgreens added – seattlepi.com

https://m.seattlepi.com/news/article/GE-to-end-more-than-100-year-run-on-Dow-13008367.php

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