<p>CHICAGO, IL - SEPTEMBER 08: A GE microwave oven is offered for sale at an appliance store on September 8, 2014 in Chicago, Illinois. Sweden's Electrolux AB, makers of Electrolux and Frigidaire appliances, announced today that it has agreed to purchase General Electric Co's (GE) appliances business for $3.3 billion in cash. (Photo by Scott Olson/Getty Images)</p>
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 next 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.