Alphabet to Replace Verizon in DJIA on June 29, Shares Rise 1%
GOOG•Alphabet will replace Verizon in the Dow Jones Industrial Average before trading opens June 29, 2026, bringing its advertising, cloud, AI, hardware and autonomous mobility businesses into the price-weighted index in place of Verizon’s $47 stock. Alphabet shares, trading around $350, rose approximately 1% post-announcement.
1. Alphabet to Replace Verizon in DJIA
Alphabet will take Verizon’s spot in the Dow Jones Industrial Average before trading opens June 29, 2026, reflecting its higher share price and broader operations across advertising, cloud, artificial intelligence, hardware and autonomous mobility.
2. Composition of the DJIA Broadened
With Alphabet’s inclusion, all five largest technology companies by market capitalization – Nvidia, Amazon, Apple, Microsoft and Alphabet – will be represented in the DJIA, showcasing a shift toward tech dominance in the price-weighted index.
3. Stock Reaction to the Announcement
Alphabet shares, trading around $350, rose about 1% in after-hours trading following the announcement, highlighting investor optimism about enhanced visibility and potential inflows tied to its DJIA membership.
4. Technical Adjustments and Honeywell Spin-off
The DJIA divisor will be adjusted before the market opens on June 29 to maintain index continuity, and Honeywell International will spin off its aerospace division, with the renamed Honeywell Technologies remaining in the index while the new Honeywell Aerospace exits.
