The Martin J. Whitman School of Management’s H.H. Franklin Center for Supply Chain Management will host its annual Harry E. Salzberg Memorial Lecture Program Thursday, Oct. 21, from 2-5:30 p.m. in the Daniel and Gayle D’Aniello Building, home of the National Veterans…
Removing GE, Adding Walgreens to Dow Seems ‘Only Sensible’
General Electric (GE) is going to be replaced by drugstore chain Walgreens Boots Alliance on the Dow Jones industrial average. The change will happen before the open on June 26.
Tom Barkley is a professor of finance practice and director of the MS in Finance Program at Syracuse University’s Whitman School of Management. Barkley says the move will improve the accuracy of the index.
“As the last of the original firms that were in the index when it was created in 1896, General Electric has some history behind it. However, the conglomerate has been in decline for the past few years, and replacing it with a firm in the growing healthcare sector (Walgreens Boots Alliance) seems only sensible.
“This will improve the accuracy of the index as a measure of the state of economy seen through the lens of the stock market.”
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