Alphabet Inc (NASDAQ:GOOG) will join the Dow Jones Industrial Average, replacing Verizon Communications Inc (NYSE:VZ, XETRA:BAC), in a reshuffle that further increases the index’s exposure to large-cap technology companies.
S&P Dow Jones Indices said the change will take effect prior to the opening of trading on June 29, 2026. At that time, Alphabet’s Class A shares will be added to the 30-stock index, while Verizon will be removed.
The index provider said the adjustment is part of a broader rebalancing tied in part to corporate actions involving existing constituents. Honeywell International will remain in the DJIA following its planned spin-off of Honeywell Aerospace, which is not expected to be included in the index. The Honeywell parent will continue in the average under a new name, Honeywell Technologies.
S&P Dow Jones Indices noted that Verizon’s relatively low share price means it currently accounts for only a small fraction of the price-weighted index, limiting its influence on overall index movements.
Alphabet’s addition is expected to expand the Dow’s representation of communication services and technology-related industries. The company operates across digital advertising, cloud computing, artificial intelligence, hardware, and other technology-driven segments.
Following the change, Alphabet will join other major technology constituents in the Dow, including Apple, Microsoft, Amazon, and Nvidia, further increasing the sector’s weight within the traditionally industrial-heavy index.
Shares of Alphabet traded up 1% at about $350 on Wednesday morning, while Verizon stock was down 2% at about $46.