Alphabet added to Dow Jones Industrial Average, replacing Verizon

Alphabet will replace Verizon inside Dow Jones Industrial AverageMegacap tech is further expanding its presence in the blue-chip average, S&P Global said Tuesday.

S&P Global Google said its parent company’s A shares, which trade under the ticker GOOGL, will take their place in a 30-stock index before the start of trading on Monday. Shares of the online search giant rose nearly 1% after the bell on Tuesday following the announcement.

California-based company will join megacap tech peers Nvidia, Amazon, Apple And Microsoft in the blue chip index. S&P Global said Alphabet’s inclusion would boost Dow’s interest in themes such as artificial intelligence, cloud infrastructure and advertising.

Alphabet has been spending heavily on artificial intelligence, including raising $141 billion in debt and equity since October. The company is trying to prove that its vertically integrated AI stack can deliver returns.

But investors have been weary lately, with Alphabet capping the stock market’s worst day in more than a year on Monday. The stock underperformed both the Nasdaq and other tech giants in the session.

Before the Alphabet selloff, the company had hit highs during the spring, when Google had its best month on Wall Street since 2004. This comes after Alphabet reported better-than-expected results driven by rising cloud revenue.

Despite recent volatility, Alphabet’s A shares are up more than 10% in 2026. The stock is on track for its fourth positive year in a row and seventh in the last eight years.

S&P Global said Verizon represents about half a percentage point in the index due to its lower share price. Dow is a price-weighted index.

Honeywell International S&P Global said Honeywell Aerospace will remain on the Dow under its new name, Honeywell Technologies, following the completion of its spin-off. However, according to the company, the company leaving the company will not be included in the index.