Alphabet (GOOGL) Replaces Verizon in Dow Jones Industrial Average

AI Summary

Alphabet (GOOGL) will replace Verizon in the Dow Jones Industrial Average effective Monday, as announced by S&P Global. Shares of Alphabet rose approximately 1% after this announcement. Since October, Alphabet has raised $141 billion in debt and equity to invest in AI. Despite recent volatility, GOOGL shares have increased over 10% in 2026 and are on track for their fourth consecutive winning year, while Verizon contributed about 0.5% to the index due to its lower share price.