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Alphabet Gains 3.7% After Dow Inclusion
Alphabet's addition to the Dow Jones Industrial Average led to a 3.7% increase in its stock price, reaching $350.24. It is one of the biggest contributors to the rise of the 30-member index, with increased weight in the Dow and a focus on digital advertising, cloud computing, and artificial intelligence sectors. Investment funds are expected to buy Alphabet's shares to keep up with this change, although the volume will be limited, as the assets linked to the index amount to around $115 billion. Prior to its inclusion, Alphabet was among the best-performing stocks in the large tech group.
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