finance
Alphabet Shares Rise Nearly 5 Percent on First Day in Dow Index
Alphabet shares increased nearly 5 percent during the company's first trading day as a member of the Dow Jones Industrial Average. The gain contributed to the broader index moving toward a record close.
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The increase helped push the index toward a record closing level. The stock's performance occurred even as questions remain about the company's spending on artificial intelligence projects.
CNBC reported the move came amid ongoing discussion of Alphabet's AI plans and capital expenditures. No company officials were named in the coverage. The report did not provide additional details on trading volume or comparisons to other index components.
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