Alphabet has added $168 billion on its debut on the Dow, which has shaken off volatility and closed above 52,000 for the first time. The Dow's performance has been notable, with some outlets suggesting it may outperform other indexes, such as the Nasdaq and S&P 500, in 2026. However, the relationship between the Dow and other indexes, including the Nasdaq, is complex, with some days seeing the Dow stand alone in its performance while others see it dragged down by certain stocks.