Alphabet to Join the Dow Jones Industrial Average on June 29, Replacing Verizon
Claire Weston
Alphabet (GOOGL) will replace Verizon (VZ) in the Dow on June 29, lifting the index's tech weighting again and forcing passive funds to add the Google parent to their holdings.
Who's in, who's out?
Alphabet (GOOGL) joins the Dow Jones Industrial Average on June 29; Verizon Communications (VZ) is removed the same day.
This means → another legacy telecom name gives way to a tech giant, pushing the Dow's tech weighting higher still.
Also on June 29, current member Honeywell International (HON) completes the spin-off of its aerospace unit. The parent will be renamed Honeywell Technology and keeps its Dow seat.
Why is the Dow adding Alphabet now?
The Dow has steadily absorbed large-cap tech names in recent years — Apple, Microsoft, and others preceded this move.
In plain terms = the Dow is a price-weighted index — the higher a stock's share price, the more it moves the index. Alphabet's price level better reflects the real shape of the U.S. equity market.
This reflects a broader shift: the old blue-chip framework is actively moving toward tech, not the other way around.
What does this mean for ordinary investors?
Once Alphabet enters the Dow, every passive fund tracking the index — ETFs, index funds — must buy GOOGL shares, creating a wave of guaranteed inflows.
This means → GOOGL may see short-term buying support, though its longer-term trajectory still depends on fundamentals.
Verizon's removal forces the same funds to sell VZ, putting reverse pressure on its share price.
Content is for reference only, not financial advice.