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Alphabet Joins Dow Jones, Stock Rises 4% on Monday Despite Monthly Weakness

2026-06-29 16:13:42

US300.68%

According to CNBC, Alphabet shares rose 4% on Monday (June 29) as the company officially joined the Dow Jones Industrial Average, replacing Verizon. Despite the symbolic blue-chip designation, Alphabet is tracking its worst month since February of last year, with six of the past seven weeks in the red, marking a sharp reversal from May when the company briefly became the world's most valuable company by market capitalization.

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