Headline: Alphabet (GOOGL) Replaces Verizon (VZ) in Dow Jones Industrial Average

S&P Dow Jones Indices announced on June 23, 2026, that Alphabet (GOOGL) will replace Verizon (VZ) in the Dow Jones Industrial Average, effective before market open on June 29, 2026. The move further increases the influence of large technology stocks in the blue-chip index, aiming to boost exposure to key growth areas like AI, cloud infrastructure, and digital advertising. Alphabet shares rose approximately 1% in after-hours trading on June 23 following the announcement. Alphabet's inclusion positions it alongside tech giants such as Apple (AAPL), Microsoft (MSFT), Amazon (AMZN), and Nvidia (NVDA). Verizon (VZ), which held a weight of approximately 0.5% in the price-weighted Dow, saw its removal have a minimal structural impact on the index. Alphabet closed at $346.09 on June 23, down 0.99% for the regular session. Separately, Honeywell (HON) will remain in the index under its new name Honeywell Technologies following an aerospace business spin-off.