Alphabet replaces Verizon in Dow, tilting index toward tech
Alphabet will join the Dow Jones Industrial Average on June 29, kicking out Verizon. The move swaps a low‑priced telecom stock for a high‑priced, diversified tech giant, further shifting the 130‑year‑old price‑weighted index toward digital services and AI. Investors see the Dow’s exposure to tech climb.