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GE to end more than 100-year run on Dow

LOS ANGELES — General Electric will be dropped from the Dow Jones industrial average next week, ending the conglomerate’s more than 100-year run in the 30-company blue chip index.

S&P Dow Jones Indices said Tuesday that GE will be removed from the index before the open of trading Tuesday. Its slot will go to drugstore chain Walgreens Boots Alliance.

Boston-based GE was an original member of the Dow Jones industrials dating back to 1896. It had been a continuous member of the Dow since 1907.

Its place among the most stable publicly traded U.S. companies has been shaky in recent years, however.

GE has shrunken dramatically since it became entangled in the financial crisis a decade ago. It shed most of its financial-service businesses to focus on its high-tech industrial operations. The company’s woes have hammered its stock in recent years.

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