Markets
Associated Press/Photo by John Minchillo

Dow Jones drops GE

by Kiley Crossland
Posted 6/20/18, 02:12 pm

The S&P Dow Jones Indices said Tuesday it will drop General Electric from the Dow Jones industrial average next week. Boston-based GE was an original member of the 30-company blue chip index in 1896 and has been a continuous member for more than 100 years. Drugstore chain Walgreens Boots Alliance will take GE’s slot in the list of the most stable publicly traded U.S. companies. Shares of GE have been in gradual decline since 2000 but especially shaky in recent years. Shares closed on Tuesday at $12.95, a 60 percent drop from a recent peak in July 2016.

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Mark Schiefelbein/AP

Trading punches

China | New tariffs raise economic tensions between the world’s two largest economies
by June Cheng
Posted 4/04/18, 11:47 am

On Tuesday, the Trump administration released a long list of Chinese imports that could soon face new tariffs including semiconductors, car and aircraft parts, and machine tools, a total of $12.5 billion in new tariffs on about $50 billion in goods annually. The threat of a trade war between the world’s two largest economies is roiling the stock market, upsetting the U.S. business community, and finding critics among conservatives.

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Associated Press/Photo by Richard Drew, file

Stocks finish wild week with weak rally

by Lynde Langdon
Posted 2/09/18, 05:19 pm

The stock market rallied late Friday to trim the week’s losses but still ended down about 5 percent since Monday. The Dow Jones industrial average closed at 24,190, a gain of 1.3 percent over Thursday, and the S&P 500 gained 38 points. Just two weeks ago, the Dow hit a record high of 26,616. Many analysts say the drop over the past week is a normal market “correction,” though they didn’t anticipate it would happen so suddenly. “We may have seen the worst, but it’s too early to say for sure,” said Shane Oliver of AMP Capital.

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