Alphabet joins Dow replacing Verizon after nearly 3.7% stock gain
Business
Google’s parent company, Alphabet, just landed a spot in the Dow Jones Industrial Average, booting out Verizon and signaling how much tech is taking over Wall Street.
With this move, the Dow gets even more tied to digital ads, cloud computing, and AI.
After the news broke on June 23, Alphabet’s stock popped up nearly 3.7%, making it one of the most influential companies in this famous index.