Macro
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month values ▾
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|
| +0.25 | +0.10 | -0.05 | -0.10 | -0.20 | -0.76 | -0.35 | -0.30 | -0.35 | -0.35 | +0.11 | -0.40 |
Industrial sentiment is bearish this month, weighed down by GE’s removal from the Dow after 111 years, symbolizing a diminished role for legacy industrial conglomerates in the index’s evolving composition. The replacement by Walgreens underscores a broader shift away from heavy industry toward healthcare and consumer-facing sectors, reinforcing sector-level concerns about relevance and structural transition. This symbolic demotion amplifies existing pressures, contributing to a downbeat tone despite stable macro conditions.
How this mood is scored ▾
General Electric is being removed from the Dow Jones Industrial Average after over a century, replaced by Walgreens Boots Alliance as S&P Dow Jones seeks a more representative index. The move reflects GE's prolonged stock decline and ongoing restructuring, while boosting healthcare sector exposure. Market implications include reduced index demand for GE shares and increased scrutiny on its turnaround efforts amid falling valuation and federal investigations.
United Technologies will separate into three independent entities: United Technologies (aerospace), Otis (elevators), and Carrier (HVAC and refrigeration), following the completion of its $23 billion Rockwell Collins acquisition. The move, driven by activist investor pressure and aimed at enhancing strategic focus, is expected to finalize in 2020, with each company better positioned for growth. The announcement boosted shares over 2% in after-hours trading, reflecting positive market sentiment.