Alphabet – Google Parent Company Joins the Dow Jones and Seals the Triumph of the Tech Era!

Alphabet will replace Verizon in the Dow Jones on June 29, making the traditional index even more technology-heavy. Due to the price weighting, the $350 stock will immediately become a heavyweight – a double-edged sword, as the recent 5% drop indicates. As Alphabet continues to build more data centers and incurs debt to do so, the company is almost turning back into an industrial firm – in the sense of a 21st-century industry. A Symbol Changes Its Character A piece of stock market history is being rewritten: Alphabet , the parent company...