When American journalist Charles Dow first devised the Dow Jones Industrial Average back in 1896, GE (GE) - Get Report was among the 12 stocks Dow chose to gauge the overall health of the market. Come 2018, though it has been removed twice in the past, GE is the last of those original components to maintain a spot on the index, which has since grown to include 30 companies.
Through M&A, consolidation or simply changing market trends, these household names of 1896 no longer hold a place in the Dow:
American Cotton Oil Company
American Sugar Company
American Tobacco Company
Chicago Gas Company
Distilling & Cattle Feeding Company
Laclede Gas Company
National Lead Company
North American Company
Tennessee Coal, Iron and Railroad Company
U.S. Leather Company
United States Rubber Company
Is Ge on the road to joining the list?
Watch More with TheStreet:
- Here's What Amazon HQ2 Means for a City's Real Estate Market
- 5 of the Biggest Losers From the New Tax Code
- Waste Management's Push to Zero Waste
- 2018 Super Bowl Ads: Pepsi Brings Back Cindy Crawford, Michael Jackson and More
Editors' Pick: Originally published on November 14, 2017.