Alphabet will replace Verizon in the Dow Jones Industrial Average, S&P Global said Tuesday, further expanding megacap technology's presence in the blue-chip average.
S&P Global said the Google parent's A shares â which trade under the ticker GOOGL â would take the spot in the 30-stock index ahead of the start of Monday's trading.
Honeywell would remain in the Dow following the completion of its spin off of Honeywell Aerospace under its new name Honeywell Technologies, S&P Global said. But the spun-off company would not be in the index, the company said.
The 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 bolster the Dow's exposure to themes like artificial intelligence, cloud infrastructure and advertising.
Alphabet has been spending heavily on AI, including raising $141 billion in debt and equity since October. The company has been trying to prove that its vertically integrated AI stack can generate returns.
But investors have been weary recently, with Alphabet closing its worst day on the stock market Monday in more than a year. The stock underperformed both the Nasdaq and the other tech megacaps in the session.
Before the Alphabet selloff, the company came off highs from the spring time, when Google had its best month on Wall Street since 2004. That came after Alphabet reported better-than-expected results, driven by soaring cloud revenue.
Despite recent volatility, Alphabet's A shares are up more than 10% in 2026, putting the stock on track for its fourth straight winning year.
Verizon had represented just around one-half of a percentage point in the price-weighted index because of its low share price, S&P Global said.
This is breaking news. Please refresh for updates.
