|Day's range||24,567.75 - 24,763.59|
|52-week range||21,197.08 - 26,616.71|
“It’s never right against wrong, good against evil. The issues are always right against right," Goldman Sachs CEO Lloyd Blankfein said.
Earnings out of FedEx and another report on the housing market will be highlights for investors on Tuesday amid a slow week for corporate and economic news.
General Electric, a member of the blue-chip index when it started and since 1907 continuously, booted in favor of WalgreensGeneral Electric has been a Dow component since 1907. General Electric Co. is losing an important title it has held for more than a century: Dow Jones Industrial Average component. GE (GE) , which was part of the Dow Jones index (^DJI) when it was started in 1896 and had been a part of the blue-chip portfolio continuously since 1907, is being replaced by Walgreens Boots Alliance Inc. (WBA) , S&P Dow Jones Indices announced Tuesday afternoon.
Co. will drop out of the Dow Jones Industrial Average next week, a milestone in the decline of a firm that once ranked among the mightiest of U.S. blue-chips. The decision to drop GE, an original member of the Dow that has been a member of the 30-stock index continuously since 1907, marks the latest setback for a firm that once was the most valuable U.S. firm but has been hit hard in recent years by the unraveling of its finance business and competitive problems.
It finally happened: General Electric (GE) has been booted out of the Dow Jones Industrial Average. S&P Dow Jones Indices announced today that Walgreens Boots Alliance (WBA) will be replacing the industrial giant in a week, on June 26. Walgreens' shares jumped 4.3% after hours following the news.
Want to know why the Dow Jones Industrial Average is doing what it's doing? Check back here for a semi-live look at the volatile markets from Barron's reporters. 5:04 p.m. Boeing (BA), Caterpillar (CAT) ...
General Electric Co., its stock gutted as management struggled with a slump that wiped $120 billion from its value, suffered a crowning ignominy Tuesday as overseers of the Dow Jones Industrial Average kicked the company out of the stock gauge it has inhabited for more than a century. The one-time industrial powerhouse will be replaced by Walgreens Boots Alliance Inc., the Deerfield, Illinois-based drugstore chain created in a 2014 merger. Down 26 percent, GE is the worst performer in the Dow in 2018, as it was last year, as well.
Paul Tudor Jones, a hedge-fund luminary, on Monday said the next economic downturn confronted by the U.S. could be an ugly one. “We’ll have monetary policy, which will exhaust really quickly, but we don’t have any fiscal stabilizers,” Jones said. Jones’s comments come after he told CNBC last week that stock market and bond yields are set for a ‘crazy’ rise.
General Electric, an original and steadfast component, will be replaced by Walgreens Boots in the Dow Jones Industrial Average as of June 26.
General Electric Co. is being removed from the Dow Jones Industrial Average and will be replaced by Walgreens Boots Alliance Inc. , S&P Dow Jones Indices announced Tuesday afternoon. "The U.S. economy has changed: consumer, finance, health care and technology companies are more prominent today and the relative importance of industrial companies is less," David Blitzer, Managing Director and Chairman of the index committee at S&P Dow Jones Indices, explained in Tuesday's announcement. "Today's change to the DJIA will make the index a better measure of the economy and the stock market." The company noted that GE's plunging stock price factored into the decision as well.
U.S. stocks fell on Tuesday as a sharp escalation in the trade dispute between the United States and China rattled markets and put the Dow Jones Industrial Average back in negative territory for the year. ...