Alphabet to Join Dow Jones Average, Replacing Verizon on June 29
Alphabet will enter the Dow Jones Industrial Average before the open on June 29, 2026, replacing Verizon Communications due to its low share-price weight. Honeywell International will spin off Aerospace and rename to Honeywell Technologies, remaining in the DJIA while the divisor is adjusted to reflect the change.
1. DJIA Membership Change
Alphabet will replace Verizon Communications in the Dow Jones Industrial Average prior to the opening of trading on June 29, 2026. Honeywell International will spin off Honeywell Aerospace and rebrand as Honeywell Technologies, retaining its DJIA spot, and the index divisor will be adjusted to prevent distortion.
2. Implications for Alphabet and Index Funds
Inclusion in the DJIA will broaden market-cap representation and likely trigger purchases by price-weighted index funds tracking the index. Alphabet’s leadership in advertising, cloud infrastructure and artificial intelligence could increase its index weight and drive heightened investor interest.
