Quick overview
- Alphabet Inc. will replace Verizon Communications Inc. in the Dow Jones Industrial Average on June 29, 2026.
- Honeywell is spinning off its aerospace division but will continue in the index under the new name Honeywell Technologies Inc.
- The change shifts the index’s focus towards high-growth tech sectors, as Verizon’s low share price had minimal impact on the index.
- This is the first structural change to the Dow since November 2024, when Nvidia and Sherwin-Williams replaced Intel and Dow Inc.
S&P Dow Jones Indices announced a major shake-up for the index: Alphabet Inc. (GOOGL) will officially replace Verizon Communications Inc. (VZ) in the Dow Jones Industrial Average prior to the opening bell on Monday, June 29, 2026.
Additionally, Honeywell is spinning off its aerospace division; the parent company will remain in the index under the new name Honeywell Technologies Inc
Because the Dow is a price-weighted index, a company’s stock price dictates its influence. Verizon’s low share price meant it made up a mere 0.5% of the total index, rendering its daily movements almost unnoticeable to the average’s final number. Swapping it out for Alphabet drastically tilts the 30-stock index toward high-growth tech sectors like AI, cloud infrastructure, and digital advertising.
This marks the first structural change to the blue-chip index since November 2024, when Nvidia and Sherwin-Williams officially replaced Intel and Dow Inc.
Olumide Adesina
Financial Market Writer
Olumide Adesina is a French-born Nigerian financial writer. He tracks the financial markets with over 15 years of working experience in investment trading.
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