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The Dow Jones Industrial Average is set to get even less "industrial" on Monday morning, when the index of 30 stocks drops Verizon to add Google parent Alphabet.
The big picture: Though largely irrelevant to investors now, the 130-year-old blue-chip index is still the shorthand for "stock market" among many Americans, who gauge the economy based on whether the Dow went up or down that day.
Zoom in: Alphabet is now a dominant AI player, and its inclusion in the Dow is symbolic of AI's increasing pervasiveness in both the stock market and the economy.
