Image: Traders UnionU.S. stock watch highlights FedEx drop, Alphabet’s Dow entry
• Alphabet is set to join the Dow Jones Industrial Average, replacing Verizon, which increases the tech giant's index visibility despite the Dow attracting less passive investment than the S&P 500. • FedEx shares declined following its latest earnings report, while tech stocks are rebounding as U.S. markets attempt to stabilize after recent losses. • Nike appointed former Pfizer executive David Denton as CFO effective August 17, with the company expecting upcoming earnings to align with prior guidance and include tariff refunds.
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