S&P Global announced Tuesday that Alphabet will replace Verizon in the Dow Jones Industrial Average, adding another large technology company to the 30-stock blue-chip index. The change will take effect before trading begins Monday. Alphabet’s Class A shares, which trade under the ticker GOOGL, rose about 1% in after-hours trading following the announcement.
The move places Google’s parent company alongside other major technology constituents in the Dow, including Nvidia, Amazon, Apple and Microsoft. S&P Global said Alphabet’s addition will increase the index’s exposure to areas such as artificial intelligence, cloud infrastructure and digital advertising.
Alphabet has been increasing investment in artificial intelligence and related infrastructure. Since October, the company has raised $141 billion through debt and equity financing as it works to show that its integrated AI strategy can produce returns. At the same time, the stock has faced recent pressure. On Monday, Alphabet recorded its worst trading day in more than a year and lagged the Nasdaq as well as other mega-cap technology shares.
The recent decline followed a stronger period earlier in the year. Alphabet had posted its best month on Wall Street since 2004 after reporting results that exceeded expectations, helped by rapid growth in its cloud business. Despite volatility, Alphabet’s Class A shares remain up more than 10% in 2026 and are on pace for a fourth consecutive annual gain and a seventh positive year in the past eight.
Verizon’s removal reflects its relatively small influence in the Dow. S&P Global said the telecommunications company accounted for about one-half of 1% of the index because of its low share price. Unlike market-cap-weighted indexes, the Dow is price weighted, giving companies with higher share prices greater impact.
S&P Global also said Honeywell International will remain as Honeywell Technologies, while its planned Honeywell Aerospace spin-off will not separately join.