Alphabet to replace Verizon in Dow Jones Industrial Average
Key takeaways
- The index manager said in a statement that the company s scale, stock price, and range of operations make Alphabet a stronger fit than Verizon as the index s representative of the Communication Services sector.
- S&P Dow Jones Indices noted that Verizon s weighting in the index had been negligible, amounting to just around half a percentage point, a direct consequence of the stock s low price.
- Alphabet stock, which trades under the ticker GOOGL, rose about 1% after the bell following the announcement.
Alphabet to replace Verizon in Dow Jones Industrial Average Quartz · Justin Sullivan / Getty Images Cris Tolomia Wed, June 24, 2026 at 6:25 PM GMT+7 2 min read GOOG VZ ^DJI Alphabet will replace Verizon Communications in the Dow Jones Industrial Average effective before the opening of trading on June 29, 2026, index manager S&P Dow Jones Indices said.
According to S&P Dow Jones Indices, the addition brings into the DJIA a company whose business touches advertising, cloud infrastructure, artificial intelligence, hardware, autonomous mobility, healthcare technology, and media distribution. The index manager said in a statement that the company s scale, stock price, and range of operations make Alphabet a stronger fit than Verizon as the index s representative of the Communication Services sector.
S&P Dow Jones Indices noted that Verizon s weighting in the index had been negligible, amounting to just around half a percentage point, a direct consequence of the stock s low price. Because the index assigns weight according to each stock s nominal price rather than market value, companies with cheaper shares punch well below their economic weight in the benchmark. Alphabet stock trades at around $350, compared with roughly $47 for Verizon.