Alphabet Inc. officially joined the Dow Jones Industrial Average on June 29, 2026. The company replaced Verizon Communications to increase the index's exposure to artificial intelligence and cloud computing.
This inclusion compels index funds and ETFs tracking the Dow to purchase Alphabet shares. Analysts expect this structural demand to support a recovery following a recent stock price pullback.
Separately, FTSE Russell reclassified Alphabet as a 100% pure growth stock on the same day. The provider removed the company from its value benchmark, contributing to a 1% rise in pre-market trading.