Alphabet Replaces Verizon in Dow, MSCI Warns Indonesia, Strong Earnings from FedEx & KB Home

1. Alphabet is set to replace Verizon in the Dow Jones Industrial Average, while Honeywell will join the S&P 500/100, signaling significant investment shifts.
2. MSCI has warned Indonesia about a potential reclassification from an emerging to a frontier market if sufficient progress is not evident by November 2026.
3. FedEx and KB Home reported quarterly earnings that surpassed market estimates, indicating robust company performance.