{"id":143544,"date":"2018-06-19T22:40:15","date_gmt":"2018-06-19T22:40:15","guid":{"rendered":"http:\/\/freeonlinetranslators.net\/news\/english\/general-electric-drops-out-of-dow-index\/"},"modified":"2018-06-19T22:40:15","modified_gmt":"2018-06-19T22:40:15","slug":"general-electric-drops-out-of-dow-index","status":"publish","type":"post","link":"https:\/\/freeonlinetranslators.net\/news\/english\/general-electric-drops-out-of-dow-index\/","title":{"rendered":"General Electric drops out of Dow index"},"content":{"rendered":"<figure>                                  <img decoding=\"async\" alt=\"GE worker\" src=\"https:\/\/ichef.bbci.co.uk\/news\/320\/cpsprodpb\/11472\/production\/_99107707_ge_getty.jpg\"\/>Image copyright                  Getty Images                                                    <\/figure>\n<p class=\"caps\">General Electric is losing its place on the Dow Jones Industrial Average after more than 100 years in a move that reflects a fall in the firm&#039;s fortunes and changes to the US economy.<\/p>\n<p>Walgreens Boots Alliance is to take its spot on the financial index, which tracks shares of 30 companies deemed representative of the US economy.<\/p>\n<p>The change takes effect on 26 June.<\/p>\n<p>The firm that runs the index said the change is meant to reflect the growth of the healthcare sector.<\/p>\n<p>&quot;Today&#039;s change to the [Dow Jones Industrial Average] will make the index a better measure of the economy and the stock market,&quot; said David Blitzer, managing director and chairman of the index committee at S&amp;P Dow Jones Indices.<\/p>\n<p>The move follows a tough year for General Electric, which has seen its share price fall by more than 50% over the last 12 months.<\/p>\n<p>The company has announced a series of cuts as it attempts to reposition itself.<\/p>\n<p>General Electric said it was focused on executing the plan it had laid out to improve GE&#039;s performance. <\/p>\n<p>&quot;Today&#039;s announcement does nothing to change those commitments or our focus in creating... a stronger, simpler GE.&quot;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Image copyright Getty Images General Electric is losing its place on the Dow Jones Industrial Average after more than 100 years in a move that reflects a fall in the<\/p>\n","protected":false},"author":1,"featured_media":143545,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-143544","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-english"],"_links":{"self":[{"href":"https:\/\/freeonlinetranslators.net\/news\/wp-json\/wp\/v2\/posts\/143544","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/freeonlinetranslators.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/freeonlinetranslators.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/freeonlinetranslators.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/freeonlinetranslators.net\/news\/wp-json\/wp\/v2\/comments?post=143544"}],"version-history":[{"count":0,"href":"https:\/\/freeonlinetranslators.net\/news\/wp-json\/wp\/v2\/posts\/143544\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/freeonlinetranslators.net\/news\/wp-json\/wp\/v2\/media\/143545"}],"wp:attachment":[{"href":"https:\/\/freeonlinetranslators.net\/news\/wp-json\/wp\/v2\/media?parent=143544"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/freeonlinetranslators.net\/news\/wp-json\/wp\/v2\/categories?post=143544"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/freeonlinetranslators.net\/news\/wp-json\/wp\/v2\/tags?post=143544"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}