The Dow Makes Room for Another Tech Titan

The Dow is making room for another tech titan. S&P Global said Tuesday that Alphabet's Class A shares will bump Verizon from the 30-stock Dow Jones Industrial Average before Monday's opening bell, giving the index deeper ties to artificial intelligence, cloud computing, and digital ads, reports CNBC. The Wall Street Journal reports Verizon had represented a slim one-half of one percentage point in the index due to its lower share price. Quartz explains weight is assigned based on stock price, not market value; Alphabet stock trades at about $350, about seven times Verizon's $47.

Google-parent Alphabet joins fellow Magnificent Seven heavyweights Nvidia, Amazon, Apple, and Microsoft in the benchmark, further tilting the longtime industrial gauge toward tech. The Journal notes the index "has historically been less vulnerable to tech swings than the Nasdaq Composite Index or the S&P 500." Shares of Google's parent rose about 1% in after-hours trading on the news, a bounce after their worst day in more than a year on Monday. Still, the stock is up more than 10% in 2026 and on pace for a fourth straight positive year.