FYI: General Electric is being replaced by Walgreens Boots Alliance Inc. as one of the 30 components of the 122-year-old Dow Jones Industrial Average.
The change brings and end to the tenure of the oldest and only remaining original component of the blue-chip focused Dow, and caps a decisive downtrend for embattled GE GE, -1.89% But the planned move also has consequences for the price-weighted Dow average DJIA, -1.15% which has become one of the most closely watched equity benchmarks since its creation in 1896, then-comprised of just 12 components.
Regards,
Ted
https://www.marketwatch.com/story/what-walgreens-stock-replacing-ge-may-mean-for-the-dow-jones-industrial-average-2018-06-19/print
