Final answer:
Walgreens Boots Alliance replaced General Electric in the DJIA. This change reflects the DJIA's goal to stay representative of current economic trends and sector leaders.
Step-by-step explanation:
The company that replaced General Electric (GE) in the DJIA (Dow-Jones Industrial Average) is Walgreens Boots Alliance. GE was originally an amalgamation of Edison General Electric Company and the Thomson-Houston Electric Company since 1892, and it had been a longstanding member of the DJIA, which is an index that represents 30 large companies from a diverse set of industries, hand-picked by analysts from Dow Jones and Company. The DJIA began in 1896 and is a leading measure of the U.S. stock market's performance, specifically reflecting how shares traded on the New York Stock Exchange are doing.The decision to remove GE was likely based on a desire to keep the DJIA representative of the changing American economy and the sectors driving it. Since GE's performance had been lagging, and the company was going through several challenges, the analysts probably concluded that Walgreens Boots Alliance, a leader in the retail pharmacy and wellness space, would be a more accurate representation of current economic trends.In conclusion, the displacement of GE by Walgreens Boots Alliance in the DJIA can be viewed as part of the natural evolution of this dynamic index which seeks to remain relevant to the contemporary economic landscape by reflecting current industry leaders.