Question
General Electric was dropped from the Dow Jones Industrial Average Index this past summer, a milestone in the decline of a company that once ranked
General Electric was dropped from the Dow Jones Industrial Average Index this past summer, a milestone in the decline of a company that once ranked among the mightiest of blue chips and was a pillar of the U.S. economy. It will be replaced by drugstore retailer Walgreens Boots Alliance, the latest sign of the rise of the global consumer economy and the post crisis boom in debt issuance that has fueled a global deal-making frenzy. The decision to drop GE, an original member of the Dow that has been a part of the 30-stock index continuously since 1907, marks the latest setback for a conglomerate that once was the most valuable U.S. company, but has been hit hard in recent years by the unraveling of its finance business and competitive problems. GE shares have tumbled 55% over the past 52 weeks, erasing more than $100 billion in wealth. As an investor in General Electric, please give examples what the above means in relation to an investment? Lets say you purchased 100 shares of General Electric common stock on January 1, 2002.
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