Dow Jones Drops General Electric

New york afp slumping us industrial giant general electric will be booted from the prestigious dow jones stock index next week s p dow.

Dow jones drops general electric.

In monday s announcement djia also dropped. The change announced tuesday. General electric was once the world s most valuable company and since 1907 it had been contiguously a part of the often quoted yet small stock market gauge often simply referred to as the dow. General electric which is finally being dropped from the now 30 company stock index in favor of the parent company of the walgreens chain of pharmacies.

Dow jones industrial average an index which tracks 30 large companies drops general electric and replaces it with walgreens. S p dow jones indices announced on tuesday that the iconic maker of light bulbs and. In 2018 boston based general electric co. The struggling company is being dropped from the dow jones industrial average.

General electric which is finally being dropped from the now 30 company stock index in favor of the parent company of the walgreens chain of pharmacies. The dow has announced one off changes over the past few years such as apple s replacement of at t in 2015 and walgreens boots alliance s replacement of general electric in 2018. 266 general electric co. The company was replaced by walgreens boots alliance.

Yesterday news came out that the dow jones industrial average djia is dropping general electric ge from its index of only 30 arbitrary equity components it tracks. The change announced tuesday. Dow djia drops general electric ge posted. Was dropped from djia after 111 years on the index.

When the dow jones industrial average was created more than 120 years ago it included 12 companies. General electric dropped from dow jones stock index.