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Jai Hamid

Alphabet to join the Dow before trading starts on June 29 as Verizon is removed

Alphabet (GOOGL, GOOG), Google’s parent company, is set to enter the Dow Jones Industrial Average before trading starts on June 29, replacing Verizon (VZ). S&P Dow Jones Indices, owned by S&P Global (SPGI), oversees the index and made the change. The move reflects the Dow’s push for greater exposure to areas such as AI, cloud computing and digital advertising where investors have been concentrating their bets.
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