Transformative Changes to the Dow Jones Industrial Average on June 29: Verizon Exits and a New Virtual Monopoly Enters

Key Points

• The Dow Jones Industrial Average will replace Verizon Communications with Alphabet on June 29, 2026.

• Alphabet has a share price of $346.13, making it the sixth most influential stock in the Dow.

• Verizon, with a share price of $46.73, has underperformed, gaining only 39.5% since 2004.

On June 29, 2026, Alphabet will join the Dow Jones Industrial Average, taking the place of Verizon Communications. Alphabet’s Class A shares (GOOGL) will be added to the index just days after it celebrated its 130th anniversary. Verizon’s removal is attributed to its low share price and poor performance relative to other stocks.

Verizon’s share price of $46.73 contributed minimally to the Dow, accounting for only 287.7 points as the index closed around 51,667. In contrast, Alphabet’s higher valuation and market dominance—holding approximately 90% of global internet search traffic—position it as a significant economic player.