Business & Finance
Alphabet’s Dow Debut Shows Index Headache in Tech-Driven Economy
Key Points
Alphabet’s Dow Debut Shows Index Headache in Tech-Driven Economy Alphabet Inc.’s addition to the Dow Jones Industrial Average marks another step in the benchmark’s effort to catch up with a market increasingly defined by Big Tech. The inclusion of the search giant’s parent company, announced Tuesday by S&P Dow Jones Indices, extends a years-long effort to modernize the 30-stock average after criticism that it failed to keep pace with the technology companies driving much of the market’s gains.
Alphabet’s Dow Debut Shows Index Headache in Tech-Driven Economy
Alphabet Inc.’s addition to the Dow Jones Industrial Average marks another step in the benchmark’s effort to catch up with a market increasingly defined by Big Tech.
The inclusion of the search giant’s parent company, announced Tuesday by S&P Dow Jones Indices, extends a years-long effort to modernize the 30-stock average after criticism that it failed to keep pace with the technology companies driving much of the market’s gains.