Pam and Russ Martens — Removal of GE from the Dow Looks Suspiciously Like Citigroup’s Exit

General Electric Co. (GE) will be unceremoniously sacked from the Dow Jones Industrial Average on June 26, it was announced yesterday by the S&P Dow Jones Indices folks. GE was one of the original 12 companies in the index when it was created in 1896. The Dow now consists of 30 companies and GE has been in the index continuously since 1907.

Curiously, GE – an industrial giant that makes highly sophisticated commercial jet engines for Boeing and turbines for power plants among numerous other lines of business – will be replaced in the Dow by a retail drugstore chain, Walgreens Boots Alliance (WBA)....

Wall Street On Parade
Removal of GE from the Dow Looks Suspiciously Like Citigroup’s Exit
Pam Martens and Russ Martens