General Electric is to be replaced in the DJIA by national retail drug store chain Walgreens

  • effective prior to the open of trading on Tuesday, June 26

General Electric was an original member of the DJIA in 1896

  • a member continuously since 1907

Walgreens is a national retail drug store chain offering prescription and non-prescription drugs, related health services and general goods

Says the index compiler in the inclusion of Walgreens:

  • With its addition, the DJIA will be more representative of the consumer and health care sectors of the U.S. economy. Today's change to the DJIA will make the index a better measure of the economy and the stock market.

Bennie and the Jets!