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EN590 Commodities GroupMarket Analysis 2026-06-29T15:20:12+00:00
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. • 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 p
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