GE Kicked Out of Dow, the Last 19th Century Member Removed
- Walgreens Boots to replace the one-time industrial powerhouse
- Since GE glory days, ‘the U.S. economy has changed,’ Dow says
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General Electric Co. suffered a crowning ignominy Tuesday as overseers of the Dow Jones Industrial Average kicked the beleaguered company out of the stock gauge it has inhabited for more than a century.
Once the world’s most valuable company, GE will be replaced by Walgreens Boots Alliance Inc., the Deerfield, Illinois-based drugstore chain created in a 2014 merger. The change will take effect prior to the open of trading next Tuesday. Down 26 percent, GE is the worst performer in the Dow in 2018, as it was last year, as well.