Alphabet, Facebook and Netflix are about to destroy the stock market's biggest dividend trade
Market-leading companies including Alphabet, Facebook and Netflix are changing S&P 500 sectors on Monday, with big implications for investors who use technology, consumer discretionary and telecom index funds and ETFs. The new S&P communications sector that replaces the telecom index will include these big technology stocks, changing the nature of what has been one of the market's best defensive and highest-dividend yield stock strategies.