Dow Jones Drops General Electric

For the first time in 110 years general electric will not be a member of the elite dow jones industrial average.

Dow jones drops general electric. 266 general electric co. The company was replaced by walgreens boots alliance. General electric dropped from dow jones stock index. Was dropped from djia after 111 years on the index.

S p dow jones indices announced on tuesday that the iconic maker of light bulbs and. In monday s announcement djia also dropped. Specialist john mcnierney works at the post that handles general electric on the floor of the new york stock exchange in january. 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.

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 struggling company is being dropped from the dow jones industrial average. The change announced tuesday. Will drop out of the dow jones industrial average next week a milestone in the decline of a firm that once ranked among the mightiest of blue chips and was a pillar of the.

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. When the dow jones industrial average was created more than 120 years ago it included 12 companies.

In 2018 boston based general electric co. New york afp slumping us industrial giant general electric will be booted from the prestigious dow jones stock index next week s p dow.