Slumping US industrial giant General Electric will be booted from the prestigious Dow Jones stock index, S&P Dow Jones Indices announced Tuesday.
GE will be replaced on June 26 by pharmacy chain Walgreens Boots Alliance, which will contribute ‘more meaningfully’ to the index, S&P Dow Jones said. GE was an original member of the Dow in 1896 and has been in the index continuously since 1907.