Alphabet Replaces Verizon in the Dow Jones Industrial Average
Verizon Communications (VZ) will be replaced by Alphabet Inc. (GOOGL) in the Dow Jones Industrial Average effective June 29, following a decision announced on June 23. The change is attributed to the price-weighted nature of the index and Verizon's relatively low share price compared to other components.
Topics: Alphabet Dow Jones price-weighted index Verizon