Alphabet to join the Dow on June 29, replacing Verizon

Google parent Alphabet (GOOGL) will be added to the Dow Jones Industrial Average starting June 29, replacing Verizon (VZ). The move marks the Dow’s first component change since 2024. S&P Global said Alphabet’s larger market value, higher share price and diversified business mix make it a more representative Communication Services constituent. Because the Dow is price-weighted, with GOOGL trading at roughly seven times VZ, the change is set to give Alphabet a much larger weight in the index.