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Alphabet, Google's Parent, Is Joining the Dow
The Wall Street Journal57d agoneutral
Alphabet, Google's Parent, Is Joining the Dow

Google parent Alphabet will be added to the Dow Jones Industrial Average beginning Monday, the index’s operator, S&P Global, said Tuesday. The company represents the fifth of the so-called Magnificent Seven growth stocks to enter the price-weighted index, which has historically been less vulnerable to tech swings than the Nasdaq Composite Index or the S&P 500. “Adding Alphabet will broaden and strengthen the DJIA’s exposure to these dynamic areas of the U.S. economy,” S&P said in a written statement.

Nasdaq Riding Most Volatile Stretch Since 2024
Barrons.com58d agoneutral
Nasdaq Riding Most Volatile Stretch Since 2024

The Nasdaq Composite hasn't had a stretch this volatile in nearly two years. If the Nasdaq moves more than 1% today, it would mark its longest such stretch of two-way volatility since Aug. 8, 2024, according to Dow Jones Market Data. "Any time we see elevated two-way volatility like this, it suggests that both pattern breakouts and breakdowns are not working," Frank Cappelleri, founder of technical analysis firm CappThesis, tells Barron's. "In other words, sharp reversals and extreme price swings like these indicate that significant posturing currently exists on BOTH sides of the market."