Alphabet (GOOG/GOOGL) set to join will replace Verizon and Honeywell International to remain in Dow Jones Industrial Average.
Alphabet joins its megacap tech peers Nvidia, Amazon, Apple and Microsoft in the DJ index.
GOOG +1.2%
Alphabet, the parent company of Google, will officially replace Verizon in the Dow Jones Industrial Average (DJIA) starting June 29, 2026, according to S&P Dow Jones Indices. This marks the first major change to the 30‑stock blue‑chip index since November 2024.
Why the Change Happened
The Dow is price‑weighted, meaning higher‑priced stocks have more influence on the index. Verizon’s share price is relatively low, giving it only about 0.5% weight in the DJIA EconoTimes+1. Alphabet’s A shares (GOOGL) trade at a much higher price and have a market cap of roughly $4.22 trillion, far exceeding Verizon’s ~$195 billion EconoTimes. This makes Alphabet a more representative and influential member of the Communication Services sector.
Strategic and Economic Impact
S&P Dow Jones Indices says Alphabet’s inclusion will bolster the DJIA’s exposure to high‑growth areas such as:
Artificial intelligence
Cloud computing
Digital advertising
Hardware
Autonomous driving technology
Healthcare innovation
Media distribution
The move reflects the growing dominance of mega‑cap technology companies in the U.S. economy and financial markets.
Other Index Changes
Honeywell International will remain in the DJIA under the new name Honeywell Technologies after spinning off its aerospace division, but the spun‑off company will not be added
Verizon’s exit signals a reduction in telecom sector representation in the index
Honeywell Aerospace (HONA) set to join S&P 500 & S&P 100; others to join S&P MidCap 400 and S&P SmallCap 600