The Dow Jones Industrial Average reached a historic milestone Monday, closing above the 52,000 mark for the first time after gaining more than 300 points in a rally led by technology stocks and the debut of Alphabet as the index's newest component.
Alphabet made its debut after replacing Verizon Communications. Shares of the Google parent company jumped nearly 5% on their first day in the prestigious 30-stock benchmark, reflecting continued investor enthusiasm for artificial intelligence and large-cap technology companies.
