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Alphabet Soars After Dow Inclusion | Business and Finance News
Description
Alphabet’s stock surged five percent after officially joining the Dow Jones Industrial Average, replacing Verizon — a symbolic milestone for the tech giant. The market’s optimism, fueled by easing US-Iran tensions and index-tracking fund demand, amplified the move. While Alphabet’s stock hasn’t seen wild swings, this jump signals market confidence. Up over 12% this year, it’s still below its May peak — but a $1,000 investment five years ago is now worth nearly $3,000, showcasing steady long-term growth. The Dow inclusion is headline-worthy, but it’s part of a broader market story where global events and corporate moves ripple through even the biggest tech names.
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