Alphabet Joins the Dow as Verizon Exits, Expanding Tech’s Grip on the DJIA

Alphabet will replace Verizon in the Dow Jones Industrial Average on June 29, bringing five of the Magnificent 7 into the DJIA; the change, driven by Alphabet’s large market cap and diversified tech portfolio, underscores tech’s growing weight in the index, while Honeywell Aerospace will join the S&P 500 in a separate move, replacing Conagra Brands.