Alphabet debuts in Dow Jones with a 3.7% share rise
Alphabet replaced Verizon Communications in the Dow Jones Industrial Average, immediately ranking among its most influential members.
The company’s shares rose 3.7% to $350.24, offering one of the biggest boosts to the 30-member Dow.
The Dow had about $115 billion in assets indexed and benchmarked to it as of December 31, 2024, against roughly $20 trillion for the S&P 500, where Alphabet is already a member.