Google just took crown Verizon held for 22 years
Alphabet is replacing Verizon in the Dow Jones Industrial Average, marking the end of a 22-year tenure for the telecommunications firm.
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📍 How it ended
Alphabet joined the Dow Jones Industrial Average as the index removed Verizon. The change concluded the departure of the telecommunications company after its 22-year tenure as a component.
Epilogue added 87d ago, after coverage quieted.
The brief
Alphabet, the parent company of Google, has officially joined the Dow Jones Industrial Average. Coverage from Yahoo Finance, Real Investment Advice, Business Insider, The Motley Fool, and Axios identifies this as a significant shift in the index's composition.
Outlets highlight the long-standing nature of Verizon's inclusion and note that other components of the index remain under scrutiny. Future developments remain dependent on index performance and potential shifts in market composition.
Reports have mentioned speculation regarding future candidates for inclusion, such as SpaceX, though coverage does not specify further adjustments to the index at this time.
Synthesized by PULSE from the headlines below under a strict no-invention contract. ✓ fact-checked: unsupported claims removed (83% supported) Updated 87d ago.
Quick answers
What happened to Verizon's position in the Dow?
Verizon was removed from the Dow Jones Industrial Average, ending a 22-year tenure.
Who replaced Verizon in the index?
Alphabet, the parent company of Google, was added to the Dow Jones Industrial Average.
Are there other companies being considered for the index?
Coverage mentions speculation regarding SpaceX as a potential future addition, though no formal plans have been confirmed.
Coverage (6)
- The Dow Jones Industrial Average Changes Forever Today: Google Parent Alphabet Is In, Verizon Is Out, and a Longtime Component Is on Thin Ice Yahoo Finance · 90d ago
- Alphabet Joins The Dow Jones Industrial Average Real Investment Advice · 90d ago
- Alphabet stock is finally joining the Dow. What took so long? Business Insider · 90d ago
- The Dow Jones Industrial Average Changes Forever Today: Google Parent Alphabet Is In, Verizon Is Out, and a Longtime Component Is on Thin Ice The Motley Fool · 90d ago
- Alphabet Is Joining the Dow Jones Industrial Average. 3 Surprising Reasons Why SpaceX Could Be Next. Yahoo Finance · 90d ago
- Dow set to add Alphabet and drop Verizon Axios · 90d ago
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