After 100 Years, Last Original Dow Member Booted From Index

General Electric to be replaced by Walgreens
By Newser Editors and Wire Services
Posted Jun 19, 2018 6:34 PM CDT

(Newser) – General Electric will be dropped from the Dow Jones industrial average next week, ending the industrial conglomerate's more than 100-year run in the 30-company blue chip index, the AP reports. S&P Dow Jones Indices said Tuesday that GE will be removed from index before the open of trading next Tuesday. Its slot will go to drugstore chain Walgreens Boots Alliance. Boston-based GE was an original member of the Dow Jones industrials dating back to 1896, and per Fortune, was the last remaining original member. It had been a continuous member of the Dow since 1907. GE has been struggling in recent years, shrinking dramatically since it became entangled in the financial crisis a decade ago. The company is under investigation related to a $15 billion hit it took to cover miscalculations at an insurance unit. (Read more Dow Jones stories.)

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