Alphabet debuts in Dow Jones Industrial Average as index tilts toward tech

June 29 (Reuters) - 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.

How does Alphabet's inclusion impact Dow weighting?

Why did Alphabet replace Verizon in the Dow?

What makes the Magnificent Seven so influential?

Why did Verizon shares fall after removal?

• The company replaced Verizon on the index, S&P Dow Jones Indices said in an announcement on June 23.

• As a higher-priced stock, Alphabet carries more weight in the price-weighted index than Verizon ‌did, which was one ⁠of its least influential members, and broadens the Dow's exposure to digital advertising, cloud computing and AI.

• The ⁠addition lifts to five the number of 'Magnificent Seven' members in the Dow, alongside Nvidia, Amazon, Apple and Microsoft.

• The previous reshuffle in November 2024 brought ​in ​Nvidia and Sherwin-Williams in place of ​Intel and Dow Inc.

• Index ‌funds tracking the Dow must buy Alphabet to mirror the change, but the demand is lik

Fuente original: Yahoo Finance (https://finance.yahoo.com/markets/world-indices/articles/alphabet-debuts-dow-jones-industrial-152012819.html)