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Dow Jones Adds 5th Magnificent Seven Stock

Alphabet is set to join the Dow Jones Industrial Average, marking the addition of the fifth Magnificent Seven stock to the index.

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📍 How it ended

Alphabet was added to the Dow Jones Industrial Average, taking the place of Verizon, and the index’s “Magnificent Seven” group expanded to include a fifth member. The coverage concluded with the announcement of Alphabet’s inclusion and Verizon’s removal from the Dow.

Epilogue added 88d ago, after coverage quieted.

The brief

Alphabet, the parent company of Google, is joining the Dow Jones Industrial Average. This move results in the removal of Verizon from the index. Coverage indicates that Alphabet will become the fifth member of the so-called Magnificent Seven group to be included in the Dow.

Reporting from Barron's, MarketWatch, The Wall Street Journal, CNBC, and Investor's Business Daily emphasizes the shift in the index's composition. Outlets highlight the departure of Verizon as the primary change accompanying this update. Future developments will involve the formal transition of these stocks within the index.

Coverage does not yet specify the exact date for the implementation of these changes.

Synthesized by PULSE from the headlines below under a strict no-invention contract. ✓ fact-checked: all claims supported by sources Updated 90d ago.

Quick answers

Which company is leaving the Dow Jones Industrial Average?

Verizon is being removed from the index to make room for Alphabet.

How many 'Magnificent Seven' stocks are now in the Dow?

With the addition of Alphabet, there are now five stocks from the Magnificent Seven group in the index.

When will the change take place?

Coverage does not yet specify a date for when these changes will be implemented.

Coverage (5)

Topics

Alphabet Verizon Dow Jones Industrial Average Magnificent Seven

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