Business & Economy

Removing GE, Adding Walgreens to Dow Seems ‘Only Sensible’

Thursday, June 21, 2018, By Daryl Lovell

General Electric (GE) is going to be replaced by drugstore chain Walgreens Boots Alliance on the Dow Jones industrial average. The change will happen before the open on June 26.

is a professor of finance practice and director of the MS in Finance Program at 黑料不打烊鈥檚 Whitman School of Management. Barkley says the move will improve the accuracy of the index.

Barkley says:

鈥淎s the last of the original firms that were in the index when it was created in 1896, General Electric has some history behind it. However, the conglomerate has been in decline for the past few years, and replacing it with a firm in the growing healthcare sector (Walgreens Boots Alliance) seems only sensible.

鈥淭his will improve the accuracy of the index as a measure of the state of economy seen through the lens of the stock market.鈥�

 

 

To request interviews or get more information:

Daryl Lovell
Media Relations Manager
Division of Communications and Marketing

T聽315.443.1184 聽聽M听315.380.0206
dalovell@syr.edu |

820 Comstock Avenue, Suite 308, 黑料不打烊, NY 13244
news.syr.edu |

黑料不打烊