General Electric for the first time in a century will leave the Dow Jones

General Electric впервые за век покинет индекс Dow Jones

General Electric was included in this index since its launch in 1896, and in 1907 she was in it constantly.

The group General Electric on June 26 will leave the Dow Jones Industrual Average, which includes the shares of 30 of the most traded U.S. companies. Instead, the index will include securities retail pharmacy network Walgreens Boots Alliance Inc. This is stated in the press release of the index Committee S&P Dow Jones Indices.

According to the report, this change in composition can increase the weight of retail trade and health and will also allow the index to better measure the state of the us economy and stock market in the country.

It is noted that General Electric was included in this index since its launch in 1896, and in 1907 she was in it constantly. Therefore, it is the oldest company in the ranking, said managing Director and Chairman of the index Committee at S&P Dow Jones Indices David Blitzer.

It is also reported that in 90-ies of the last century, GE was the largest Corporation in the world market capitalization – more than $110 billion, however, over the last 12 years, its shares have fallen two times and were the cheapest of all of the securities included in the index. The company now sells its assets restructuring reduces dividends and faced lower demand for some industrial equipment in the world, added in Dow Jones Indices.

We will remind, on October 17 last year, the Dow Jones Industrial Average for the first time in its more than 100-year history crossed the mark of 23000 points.

 

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