Alphabet added to Dow Jones Industrial Average, replacing Verizon
Alphabet's Class A shares will replace Verizon in the 30-stock index, reflecting the tech giant's dominance in search and cloud services.
- On June 29, Alphabet will join the Dow Jones Industrial Average, replacing Verizon Communications and becoming the sixth most influential component at $346.13 per share.
- S&P Dow Jones Indices selected Alphabet because Verizon's $46.73 share price limited its influence on the price-weighted index, while the company's shares gained only 39.5% since April 8, 2004.
- Google accounts for approximately 90% of global internet search traffic, affording Alphabet significant pricing power; the company's cloud infrastructure segment has reaccelerated sales growth following generative artificial intelligence integration.
- Alphabet's inclusion broadens exposure to dynamic sectors including artificial intelligence and media distribution, according to S&P Dow Jones Indices; this adjustment marks another evolution for the Dow, which has undergone more than 50 changes.
- Since its inception on May 26, 1896, the Dow has evolved from a 12-stock, industrial-focused index into a 30-company benchmark; this move adds Alphabet to trillion-dollar peers like Amazon and Nvidia.
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The decision will take effect on June 29. The American tech giant was previously listed on the Nasdaq. Source link: https://www.lemonde.fr/economie/article/2026/06/24/alphabet-la-maison-mere-de-google-va-rejoindre-l-indice-dow-jones_6710026_3234.html Author: Publish date: 2026-06-24 01:24:00 Copyright for syndicated content belongs to the linked Source.
Google's Parent Company Alphabet Joins Dow, Verizon Excluded. Google's parent company, Alphabet, will be included in the Dow Jones Industrial Average starting on the 29th. S&P Global announced that U.S. telecommunications company Verizon will be removed from the Dow Jones Industrial Average, which consists of 30 leading U.S. blue-chip stocks, and Alphabet Class A will be newly added...
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BizTocThe Dow Jones Industrial Average Will Change Forever on June 29, With Verizon Getting the Boot and a Virtual Monopoly Joining the Index
Verizon's 22-year run in the iconic Dow is ending, with a trillion-dollar company that's an artificial intelligence (AI) applications leader taking its place.
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