Alphabet (GOOGL) will replace Verizon Communications (VZ) in the 30-stock Dow Jones Industrial Average. The change becomes effective before trading opens on June 29, 2026. Alphabet joins technology peers Apple, Microsoft, and Amazon in the blue-chip index.
S&P Dow Jones Indices stated the move increases exposure to artificial intelligence and cloud computing. The transition also expands the index's footprint in digital advertising.
Verizon currently maintains a minimal 0.5% weighting due to its relatively low share price. Alphabet’s higher price and market capitalization better represent the communication services sector.