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Alphabet added to Dow Jones Industrial Average, replacing Verizon
CNBC • • general
Key Points:
- Alphabet's Class A shares (GOOGL) will replace Verizon in the Dow Jones Industrial Average starting Monday, increasing mega-cap tech representation in the 30-stock index.
- Alphabet joins other tech giants like Nvidia, Amazon, Apple, and Microsoft, enhancing the Dow's exposure to artificial intelligence, cloud infrastructure, and advertising sectors.
- Despite recent stock volatility and a significant selloff, Alphabet's shares are up over 10% in 2026 and are on track for their fourth consecutive winning year.
- Verizon's low share price limited its influence in the price-weighted Dow, prompting its removal, while Honeywell International remains in the index under its new name after spinning off Honeywell Aerospace.
