General Electric to be removed from Dow Jones Industrial Average
S&P Dow Jones Indices said on Tuesday that the U.S. conglomerate would be pulled from the index before the stock market opens on June 26 and replaced by Walgreens Boots Alliance Inc . Walgreens Boots Alliance jumped 2.2 percent after the announcement. Changes to the Dow are made on an as-needed basis and selection is not governed by quantitative rules, according to published methodology for the index.
