GE stock slides after being booted from Dow - Adviser Investments

GE stock slides after being booted from Dow

Megan Higgins, manager at Adviser Investments, has the market analysis for Wednesday, June 20. Shares were up more than 7.5% for 21st Century Fox. Technology and media stocks nudged the S&P 500 higher and pushed the NASDAQ to a record high. In other news, Walgreens will take GE’s spot in the Dow Jones Industrial Average. GE’s stock price has fallen more than 80% since the early 2000’s. Times have changed since the Dow was first created, and sectors like consumer goods, health care and finance continue to grow while industrials aren’t as relevant. Replacing GE with Walgreens will make the Dow more representative of the overall economy and markets.

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