S&P Dow Jones Indices said Alphabet, the parent company of Google, will replace Verizon Communications in the Dow Jones Industrial Average (DJIA) starting June 29, 2026, before the market opens [1, 2, 3, 4]. Verizon’s low share price, which resulted in a weighting of about 0.5% in the price-weighted Dow, led to its removal [5, 1, 2, 3, 4].
Alphabet’s shares trade under the ticker GOOGL (A shares). The company will join other megacap technology stocks in the Dow including Nvidia, Amazon, Apple, and Microsoft [5, 1, 3, 4]. S&P Global said Alphabet’s inclusion would bolster the Dow’s exposure to key sectors such as artificial intelligence, cloud infrastructure, and digital advertising [5].
Since October 2025, Alphabet has raised $141 billion in debt and equity to invest in AI, data centers, AI models, and cloud infrastructure [5, 1, 3, 4]. The company's stock price was up more than 10% year-to-date through June 23, 2026, positioning it for a fourth straight year of gains [5, 1, 3, 4]. Despite recent volatility and its worst single-day drop in over a year on June 22, 2026, Alphabet’s stock rebounded after the announcement of its Dow inclusion [5, 1, 3, 4].
On the same day Alphabet joins the Dow, Honeywell Aerospace will complete a spin-off. The parent company, renamed Honeywell Technologies, will remain in the Dow, while the spun-off Honeywell Aerospace will not be included [5, 1, 2, 3, 4].
The Dow change will take effect June 29 before trading begins, marking Verizon’s exit and Alphabet’s entry into the 30-stock index [1, 2, 3, 4].
