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Investing.com -- Alphabet Inc. (NASDAQ:GOOGL) shares rose 3.7% to $350.24 on Monday as the Google parent company began trading as a member of the Dow Jones Industrial Average, replacing Verizon Communications (NYSE:VZ).
The Dow Jones Industrial Average added Alphabet today, and the timing is the joke. Alphabet (NASDAQ:GOOGL) replaces Verizon (NYSE:VZ) in the 30-stock benchmark on the same day the stock is staggering toward its worst month since February of last year, with the quarter and the month ending tomorrow. CNBC’s MacKenzie Sigalos framed the moment plainly ... Alphabet Just Joined the Dow, Right in the Middle of Its Worst Month in Over a Year
The S&P 500 and Nasdaq could snap their losing streaks, but it may come at the cost of some recent broadening. The S&P 500 was up 0.8%, but only 185 stocks in the index were rising. The Nasdaq was up 1.4%.
Housebuilders fell after weak mortgage approval figures.
Alphabet stock rose roughly 4% on its first day in the 30-member index, though the inclusion carries limited mechanical impact
(Updates with index/price moves and geopolitical news from the first paragraph.) US equity indexe
U.S. telecom and media giants are moving in opposite directions in midday trading. Comcast (NASDAQ:CMCSA) stock is up 7% to $24.76, while AT&T (NYSE:T) stock is down 5% to $21.52, and Verizon (NYSE:VZ) stock is down 7% to $43.29. The split reflects three distinct catalysts hitting the sector at once. Comcast is rallying on a ... Telecom Turmoil: Comcast Rises 7% on Media Spinoff, AT&T Falls 5% on CFO Exit and Starlink Threat, Verizon Sinks 7% on Dow Exit
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.
Martin Marietta stock fell after the company announced a $13.5 billion deal to buy Lhoist North America, a supplier of limestone and steelmaking components.
The move validates that advertising and AI are considered foundational to businesses. Google's focus is on AI and it is expected to give the Dow more exposure to companies focused in the technology.
Investors weren’t exactly sure what to do with shares of a new aerospace & defense supplier. Six banks have recently launched coverage of Applied Aerospace & Defense stock, which completed its IPO in early June. Shares have struggled since the offering, closing Friday at $20.53, just a few cents above the $20 IPO price.
US stocks (^DJI, ^IXIC, ^GSPC) are showing its first signs of recovery since last week's tech-wide sell-off. Great Hill Capital chairman Thomas Hayes explains to Yahoo Finance Executive Editor Brian Sozzi why he is calling AI as being part of the "Back to the Future" trade as investors begin to shrug off more geopolitical headlines centered around oil price and Iran.
Wall Street took the easing of tensions in the Middle East as a green light to buy the dip in technology stocks to start the holiday-shortened week. The Dow rose 324 points, or 0.6%. The S&P 500 was up 0.
FEATURE After a tough week, Tesla stock was up early Monday. Tweets from CEO Elon Musk might be helping. Shares of the electric-vehicle maker were up 2% in early trading at $387.64. There wasn’t much fundamental news on which to pin gains—no Wall Street upgrades or downgrades.
The Google-parent is replacing Verizon Communications in the 30-stock Dow index from Monday’s session, in a move announced last week. Because the Dow is a price-weighted index—meaning stock price rather than market capitalization determine the weighting of each company—few funds choose to replicate its composition. Alphabet’s move comes amid a broader rebound for the Magnificent Seven group of stocks on Monday.
June 29 (Reuters) - Wall Street's main indexes opened higher on Monday as easing tensions in the Middle East lifted sentiment following days of hostilities between the U.S. and Iran.
Alphabet joins the Dow today, replacing Verizon Communications. Its addition will give the index more AI exposure... though its methodology means it won’t be as great as you might think. We broke it down in charts.
Investing.com - U.S. stock futures rose on Monday as investors assessed reports that Washington and Tehran had agreed to halt recent hostilities around the Strait of Hormuz and resume diplomatic talks, easing fears of broader disruptions in the Middle East.
Stock Market Today: The Dow Jones index rose Monday on U.S.-Iran news. SpaceX stock rallied on its addition to the Nasdaq-100 index.
Investors weren’t exactly sure what to do with shares of a new aerospace & defense supplier. Wall Street has some advice: Buy the stock. Six banks have recently launched coverage of Applied Aerospace & Defense stock, which completed its IPO in early June.
Ahead of the bell US stock futures rose on Monday after reports that Washington and Tehran had agreed to halt the tit-for-tat attacks that broke out over the weekend, allowing peace talks to continue. Nasdaq 100 futures climbed 1.2%, while S&P 500 futures added 0.8%, following sharp...
