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ETF Impact of GE's Dow Explusion

Todd Shriber

General Electric Company ( GE), the only current member of the Dow Jones Industrial Average that was an original member of that index, is being tossed from the blue-chip benchmark. Drugstore giant Walgreen Boots Alliance, Inc. ( WBA) will replace General Electric in the Dow prior to the open of U.S. markets Tuesday, June 26, according to a statement from S&P Dow Jones Indices. Industrial conglomerate GE has seen its shares tumble by more than 55% over the past year, stoking speculation that the stock would be booted from the Dow.