Live Feeds
● LIVE Updated 1d ago · 14 sources tracked

Alphabet to replace Verizon in Dow Jones reshuffle, shares rise

Alphabet Inc. will join the Dow Jones Industrial Average on June 29, replacing Verizon Communications Inc. The move increases the index's exposure to large-cap technology and communication services. Alphabet shares rose following the announcement.

RSS Source map (13)

What changed

Alphabet is officially set to replace Verizon in the Dow Jones index on June 29.

Live updates

  1. Alphabet to Replace Verizon in Dow Jones Industrial Average

    Alphabet Inc. will join the Dow Jones Industrial Average on June 29, replacing Verizon Communications Inc. The move increases the index's exposure to large-cap technology and communication services. Alphabet shares rose following the announcement.

    What's confirmed:

    • Alphabet will replace Verizon in the Dow Jones Industrial Average.
    • The change takes effect on June 29.
    • S&P Dow Jones Indices announced the reshuffle.
    • Verizon had been in the index for 22 years.

    Still unconfirmed:

    • Alphabet shares rose about 1 per cent in after-hours trading.
    • Alphabet was poised to open higher on Wednesday.
    confidence 100%