Alphabet debuts in Dow Jones Industrial Average as index tilts toward tech

Alphabet debuts in Dow Jones Industrial Average as index tilts toward tech Reuters Mon, June 29, 2026 at 5:20 PM GMT+2 1 min read ^DJI GOOGL VZ NVDA INTC June 29 (Reuters) - Alphabet shares climbed on Monday as the Google parent made its debut in the blue-chip Dow Jones ‌Industrial Average, replacing Verizon Communications, and immediately ranking among its ‌most influential members. • Its shares rose 3. 7% to $350.

24, offering one of the biggest boosts ​to the 30-member Dow. • The company replaced Verizon on the index, S&P Dow Jones Indices said in an announcement on June 23. • As a higher-priced stock, Alphabet carries more weight in the price-weighted index than Verizon ‌did, which was one ⁠of its least influential members, and broadens the Dow's exposure to digital advertising, cloud computing and AI.

• The ⁠addition lifts to five the number of 'Magnificent Seven' members in the Dow, alongside Nvidia, Amazon, Apple and Microsoft. • The previous reshuffle in November 2024 brought ​in ​Nvidia and Sherwin-Williams in place of ​Intel and Dow Inc. • Index ‌funds tracking the Dow must buy Alphabet to mirror the change, but the demand is likely to be modest: the Dow had about $115 billion in assets indexed and benchmarked to it as of December 31, 2024, against roughly $20 trillion for the S&P 500, where Alphabet is ‌already a member, according to S&P Dow ​Jones Indices.

• Alphabet shares are up roughly ​11% this year, as of ​last close, among the best performers in the ‌Magnificent Seven group of tech mega-caps. • ​The 130-year-old Dow ​remains one of the most widely cited gauges of U. S.

market sentiment. • Verizon shares fell 7. 8% to $42.

03 in a broad retreat in ​telecom stocks after ‌Comcast said it would split into two publicly traded companies ​through a spinoff of NBCUniversal and Sky.