Until recently, General Electric (GE) was the only stock in the Dow Jones Industrial Index that was one of the original companies included when the index was created in 1896. However, following business problems and a massive loss in value over the past two years, GE will be replaced by Walgreens on June 26. Recall, the Dow is price weighted, so GE's currently low price of $13 means it has little impact on the index anyway. See article
here, CNN Money.
No comments:
Post a Comment