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.
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The brief
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 15h ago.
Quick answers
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.
Coverage (10)
- Google Takes Verizon’s Place in Dow Jones Industrial Average Gizmodo · 7h ago
- Alphabet to replace Verizon in Dow Jones reshuffle, shares rise Yahoo Finance · 7h 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 · 7h ago
- GOOGL Stock Gains After-Hours As Alphabet Is Set To Replace Verizon In Dow Jones Yahoo Finance · 9h ago
- Alphabet, Google's Parent, Is Joining the Dow WSJ · 9h ago
- The Dow Jones Industrial Average will include Google A (GOOGL.O) WEEX · 9h ago
- Alphabet’s stock is set to join the Dow. Here’s which company is getting the boot. MarketWatch · 9h ago
- Alphabet to replace Verizon in blue-chip Dow Jones Industrial Average Investing.com · 9h ago
- Dow Jones Adds 5th Magnificent Seven Stock Investor's Business Daily · 9h ago
- Alphabet added to Dow Jones Industrial Average, replacing Verizon CNBC · 9h ago
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