Alphabet will be added to the Dow Jones Blue Chip Index. Its stock price has doubled over the past year

Alphabet, Google’s holding company, will be added to the Dow Jones Blue Chip Index—one of the leading U.S. stock indices— according to S&P Global. Class A shares of Google’s parent company (ticker GOOGL) will replace mobile carrier Verizon in the 30-stock index before the market opens on Monday, June 29.

Alphabet will join other tech giants—Nvidia, Amazon, Apple, and Microsoft—in the index. The company’s inclusion will strengthen the Dow Jones’s position in areas such as artificial intelligence, cloud infrastructure, and digital advertising, according to S&P Global. Verizon’s shares accounted for only about 0.5% of the index due to their low market capitalization and had a negligible impact on the index, S&P Global notes.

Following the announcement, Alphabet shares rose by about 1% in after-hours trading. Over the past 12 months, Alphabet’s Class A shares have risen by nearly 103%, and since the beginning of 2026, they have gained just over 10%. However, over the past month, they have actually fallen by 11%.

At the same time, S&P Global announced that Honeywell International will remain in the index under the new name Honeywell Technologies following the spin-off of Honeywell Aerospace as a separate business. The new, spun-off company will not be included in the Dow.

This article was AI-translated and verified by a human editor