GE's Ouster From Dow Puts More Pressure on Beaten-Down Giant
- Removal from gauge to create ‘selling pressure,’ analyst says
- Decision reflects economy’s shift from industrials to services
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It must hurt to get kicked out of your own club.
The ouster of General Electric Co. from the Dow Jones Industrial Average after more than a century shows just how far the one-time corporate titan has fallen. While the move doesn’t change GE’s fundamental outlook, the expulsion of the gauge’s last original member piles on yet another humiliation as Chief Executive Officer John Flannery searches for a path forward.