U.S. Markets closed

The Dow dumped General Electric, its last original index member

Kira Bindrim
The Dow dumped General Electric, its last original index member

In 1896, Charles Dow created what came to be known as the Dow Jones Industrial Average—an index consisting of just 12 companies at the time, meant to signal the state of the industrial sector. Nestled among outfits focused on cotton, sugar, tobacco, and railroads was General Electric, then a four-year-old electric company. Today, some 122…