Alphabet Inc (NASDAQ:GOOG) will join the Dow Jones Industrial Average, replacing Verizon Communications Inc (NYSE:VZ, XETRA:BAC), in a reshuffle that further increases the index’s exposure to large-cap technology companies.
S&P Dow Jones Indices said the change will take effect prior to the opening of trading on June 29, 2026
At that time, Alphabet’s Class A shares will be added to the 30-stock index, while Verizon will be removed. The index provider said the adjustment is part of a broader rebalancing tied in part to corporate actions involving existing constituents. Honeywell International will remain in the DJIA following its planned spin-off of Honeywell Aerospace, which is not expected to be included in the index.
The Honeywell parent will continue in the average under a new name, Honeywell Technologies. S&P Dow Jones Indices noted that Verizon’s relatively low share price means it currently accounts for only a small fraction of the price-weighted index, limiting its influence on overall index movements. Alphabet’s addition is expected to expand the Dow’s representation of communication services and technology-related industries.