Alphabet added to Dow Jones Industrial Average, replacing Verizon
Alphabet is set to join the Dow Jones Industrial Average, resulting in the removal of Verizon from the index.
📍 Aftermath
Alphabet officially replaced Verizon in the Dow Jones Industrial Average, with the change taking effect on June 29. The move added Alphabet as the fifth stock from the "Magnificent Seven" tech group to the index, while Verizon exited after its tenure.
Coverage of the reshuffle concluded without further updates on market reaction beyond initial share movements.
Epilogue added 44d ago, after coverage quieted.
How fast it spread
How fast coverage is spreading — measured hourly from article rate × source diversity. How this works →
Where it stands
Alphabet will be added to the Dow Jones Industrial Average, marking the latest change to the composition of the blue-chip index. As part of this transition, Verizon will be removed from the list of constituent companies.
Coverage from WEEX, MarketWatch, Investing.com, Investor's Business Daily, and CNBC emphasizes that Alphabet will become the fifth member of the "Magnificent Seven" group to be represented in the Dow. Reporting confirms the shuffle involves a direct replacement of Verizon.
Future developments will depend on the effective date of the transition and any subsequent market reactions. Coverage does not yet specify the precise date the changes to the index will take effect.
Synthesized by headlinez.news from the headlines below under a strict no-invention contract. ✓ fact-checked: all claims supported by sources Updated 46d ago.
Sources (10)
- Google Takes Verizon’s Place in Dow Jones Industrial Average Gizmodo · 45d ago
- Alphabet to replace Verizon in Dow Jones reshuffle, shares rise Yahoo Finance · 45d ago
- The Dow Jones Industrial Average Will Change Forever on June 29, With Verizon Getting the Boot and a Virtual Monopoly Joining the Index The Motley Fool · 45d ago
- GOOGL Stock Gains After-Hours As Alphabet Is Set To Replace Verizon In Dow Jones Yahoo Finance · 45d ago
- Alphabet, Google's Parent, Is Joining the Dow WSJ · 45d ago
- The Dow Jones Industrial Average will include Google A (GOOGL.O) WEEX · 45d ago
- Alphabet’s stock is set to join the Dow. Here’s which company is getting the boot. MarketWatch · 45d ago
- Alphabet to replace Verizon in blue-chip Dow Jones Industrial Average Investing.com · 45d ago
- Dow Jones Adds 5th Magnificent Seven Stock Investor's Business Daily · 45d ago
- Alphabet added to Dow Jones Industrial Average, replacing Verizon CNBC · 45d ago
Answered
Which company is leaving the Dow Jones Industrial Average?
Verizon is being removed from the index to make room for Alphabet.
How many 'Magnificent Seven' stocks are now in the Dow?
With the addition of Alphabet, there are now five 'Magnificent Seven' stocks included in the index.
When will the index change take place?
Coverage does not yet specify a date for the transition.
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