Alphabet debuts in Dow Jones Industrial Average as index tilts toward tech

Alphabet, Google's parent company, joined the Dow Jones Industrial Average today. The Dow tracks thirty of America's largest companies—and its recent tilt toward tech marks a sea change in how America's economy defines itself. According to Channel NewsAsia, the addition signals technology's complete ascendance in the stock market. What once measured the strength of steel mills and railroads now rests heavily on software giants, a shift that says as much about economic transformation as any quarterly earnings report.

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