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| General Electric drops out of Dow index | General Electric drops out of Dow index |
| (35 minutes later) | |
| General Electric is losing its place on the Dow Jones Industrial Average after more than 100 years in a move that reflects a fall in the firm's fortunes and changes to the US economy. | General Electric is losing its place on the Dow Jones Industrial Average after more than 100 years in a move that reflects a fall in the firm's fortunes and changes to the US economy. |
| Walgreens Boots Alliance is to take its spot on the financial index, which tracks shares of 30 companies deemed representative of the US economy. | Walgreens Boots Alliance is to take its spot on the financial index, which tracks shares of 30 companies deemed representative of the US economy. |
| The change takes effect on 26 June. | The change takes effect on 26 June. |
| The firm that runs the index said the change is meant to reflect the growth of the healthcare sector. | The firm that runs the index said the change is meant to reflect the growth of the healthcare sector. |
| "Today's change to the [Dow Jones Industrial Average] will make the index a better measure of the economy and the stock market," said David Blitzer, managing director and chairman of the index committee at S&P Dow Jones Indices. | "Today's change to the [Dow Jones Industrial Average] will make the index a better measure of the economy and the stock market," said David Blitzer, managing director and chairman of the index committee at S&P Dow Jones Indices. |
| The move follows a tough year for General Electric, which has seen its share price fall by more than 50% over the last 12 months. | |
| The company has announced a series of cuts as it attempts to reposition itself. | |
| General Electric said it was focused on executing the plan it had laid out to improve GE's performance. | General Electric said it was focused on executing the plan it had laid out to improve GE's performance. |
| "Today's announcement does nothing to change those commitments or our focus in creating... a stronger, simpler GE." | "Today's announcement does nothing to change those commitments or our focus in creating... a stronger, simpler GE." |