Alphabet debuts in Dow Jones Industrial Average as index tilts toward tech
Alphabet shares climbed on Monday as the Google parent made its debut in the blue-chip Dow Jones Industrial Average, replacing Verizon Communications, and immediately ranking among its most influential members.
Its shares rose 3.7% to $350.24, offering one of the biggest boosts to the 30-member Dow.
The company replaced Verizon on the index, S&P Dow Jones Indices said in an announcement on June 23.
