Jun 20, 2018

General Electric drops out of Dow index

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 firm that runs the index said the change is meant to reflect the growth of the healthcare sector. "Today's change to the will make the index a better measure of the economy and the stock market," said David Blitzer, managing director and chairman of the index committee at S&P Dow Jones Indices. General Electric said it was focused on executing the plan it had laid out to improve GE's performance. "Today's announcement does nothing to change those commitments or our focus in creating... a stronger, simpler GE.".

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