Alphabet's stock is set to join the Dow. Here's which company is getting the boot.

Dow Jones06-24 05:53

MW Alphabet's stock is set to join the Dow. Here's which company is getting the boot.

By Claudia Assis

Alphabet 'more representative' as a communication services component, index provider says

Google-parent Alphabet is going to replace Verizon in the Dow Jones Industrial Average

Alphabet will replace Verizon Communications in the Dow Jones Industrial Average, index provider S&P Indices said late Tuesday.

S&P Indices hailed the Google parent's $(GOOG)$ $(GOOGL)$ diversified technology portfolio, and said that adding the company to the premier U.S. equity benchmark "will broaden and strengthen" the Dow's DJIA exposure to "dynamic" sectors of the U.S. economy.

"Its larger market capitalization and share price, together with the breadth of its businesses, make it a more representative communication services constituent in the DJIA," the provider said.

The changes are effective before the open on Monday, June 29. Shares of Alphabet rose 1% in the extended session Tuesday, after ending the regular trading day down 1%. Verizon's $(VZ)$ stock dropped less than 1% after hours, after closing 3% higher in the regular session.

Tuesday's changes come two years after Nvidia (NVDA) joined the Dow.

This story will be updated.

-Claudia Assis

This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

June 23, 2026 17:53 ET (21:53 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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Here's which company is getting the boot.\n</p>\n<p>\n  By Claudia Assis \n</p>\n<p>\n     Alphabet 'more representative' as a communication services component, index provider says \n</p>\n<p>\n     Google-parent Alphabet is going to replace Verizon in the Dow Jones Industrial Average \n</p>\n<p>\n     Alphabet will replace Verizon Communications in the Dow Jones Industrial Average, index provider S&amp;P Indices said late Tuesday. \n</p>\n<p>\n     S&amp;P Indices hailed the Google parent's <a href=\"https://laohu8.com/S/GOOG\">$(GOOG)$</a> <a href=\"https://laohu8.com/S/GOOGL\">$(GOOGL)$</a> diversified technology portfolio, and said that adding the company to the premier U.S. equity benchmark \"will broaden and strengthen\" the Dow's DJIA exposure to \"dynamic\" sectors of the U.S. economy. \n</p>\n<p>\n     \"Its larger market capitalization and share price, together with the breadth of its businesses, make it a more representative communication services constituent in the DJIA,\" the provider said. \n</p>\n<p>\n     The changes are effective before the open on Monday, June 29. 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Here's which company is getting the boot.\n\n\n  By Claudia Assis \n\n\n     Alphabet 'more representative' as a communication services component, index provider says \n\n\n     Google-parent Alphabet is going to replace Verizon in the Dow Jones Industrial Average \n\n\n     Alphabet will replace Verizon Communications in the Dow Jones Industrial Average, index provider S&P Indices said late Tuesday. \n\n\n     S&P Indices hailed the Google parent's $(GOOG)$ $(GOOGL)$ diversified technology portfolio, and said that adding the company to the premier U.S. equity benchmark \"will broaden and strengthen\" the Dow's DJIA exposure to \"dynamic\" sectors of the U.S. economy. \n\n\n     \"Its larger market capitalization and share price, together with the breadth of its businesses, make it a more representative communication services constituent in the DJIA,\" the provider said. \n\n\n     The changes are effective before the open on Monday, June 29. Shares of Alphabet rose 1% in the extended session Tuesday, after ending the regular trading day down 1%. Verizon's $(VZ)$ stock dropped less than 1% after hours, after closing 3% higher in the regular session. \n\n\n     Tuesday's changes come two years after Nvidia (NVDA) joined the Dow. \n\n\n     This story will be updated. \n\n\n     -Claudia Assis \n\n\n     This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal. \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  June 23, 2026 17:53 ET (21:53 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"corporation","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.44.0","shortVersion":"4.44.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2645852323","isCrawlerRequest":true}