Alphabet Replaces Verizon in the Dow Jones Industrial Average

Verizon will be replaced by Alphabet (GOOGL) in the Dow Jones Industrial Average starting June 29, after holding a seat for 22 years. The decision was made due to the price-weighted nature of the index and Verizon's relatively low share price compared to other components.

By Hillary Remy · TheStreet ·

Alphabet Replaces Verizon in the Dow Jones Industrial Average

Tickers: $GOOGL $VZ

Topics: Alphabet Dow Jones stock index Verizon

Read the full article at TheStreet

More Business news