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Alphabet published to Dow Jones Industrial Average, replacing Verizon

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Alphabet will replace Verizon in the Dow Jones Industrial Average, S&P Global said Tuesday, further expanding mega-cap technology's presence in the blue-chip average.

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Summary

S&P Global said the Google parent's A shares, which trade under the ticker GOOGL, would take the spot in the 30-stock index ahead of the start of Monday's trading. The California-based company will join mega-cap tech peers Nvidia, Amazon, Apple and Microsoft in the blue-chip index. Alphabet has been spending heavily on AI, including raising $141 billion in debt and equity since October. But investors have grown weary recently, with Alphabet on Monday closing its worst day on the stock market in more than a year.

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