General Electric booted from Dow

After more than a century in the Dow Jones Industrial Average, multinational industrial General Electric (GE) will be replaced by pharmacy chain Walgreens Boots Alliance when trading begins on June 26, reports the Financial Times (with paywall).

GE was an original member of the index in 1896 and has been a continuous member since 1907, says the FT.

Since then, the economy has changed, with consumer and healthcare companies, as well as financials and tech, more prominent relative to industrials.

Read the full FT report (with paywall).

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The staff of Advisor.ca have been covering news for financial advisors since 1998.