Alphabet Joins Dow 30 at $350, Replacing Verizon After 20-for-1 Split
Updated
Updated · CNBC · Jun 24
Alphabet Joins Dow 30 at $350, Replacing Verizon After 20-for-1 Split
3 articles · Updated · CNBC · Jun 24
Summary
Before Monday’s open, Alphabet will enter the 30-stock Dow, displacing Verizon in the latest remake of the price-weighted index.
A 20-for-1 stock split four years ago made Alphabet’s roughly $350 share price workable for Dow inclusion, and that higher price means its swings will carry far more weight than Verizon’s roughly $46 stock.
The change is largely symbolic because most index-linked money tracks the S&P 500 or Nasdaq 100, where Alphabet is already a member, so forced buying should be limited.
Alphabet’s addition gives the Dow a fifth megacap tech name alongside Apple, Amazon, Microsoft and Nvidia, underscoring how AI, cloud and digital advertising now dominate the market narrative.