Daily News: June 21, 2018

Dow Drops GE, Adds Walgreens Boots


The Wall Street Journal reported that GE has dropped off the Dow Industrial Average list for the first time in 100 years and will be replaced by Walgreens Boots.

According to the Journal, the decision to drop GE, an original member of the Dow that has been a part of the 30-stock index continuously since 1907, is the latest setback for the company, which has seen its shares drop 55% over the last year.