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.
Velocity
How fast coverage is spreading — measured hourly from article rate × source diversity. How this works →
📍 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 132d 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 132d 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 · 135d ago
- Alphabet Joins The Dow Jones Industrial Average Real Investment Advice · 135d ago
- Alphabet stock is finally joining the Dow. What took so long? Business Insider · 135d 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 · 135d ago
- Alphabet Is Joining the Dow Jones Industrial Average. 3 Surprising Reasons Why SpaceX Could Be Next. Yahoo Finance · 135d ago
- Dow set to add Alphabet and drop Verizon Axios · 135d ago
Topics
Related trends
EXCLUSIVE: Anthropic eyes $1.4 trillion IPO valuation in test of Wall Street's AI fervor
Anthropic pursues a monumental public market debut with valuation targets spanning trillion-dollar thresholds.
The Dow Just Jumped 1,100 Points. Here's What Warren Buffett's 2008 Rule Says to a 66-Year-Old Retiree Who Almost Moved $600,000 to Cash on Friday
The Dow jumped about 1,100 points on Monday, and Warren Buffett's 2008 rule warns investors against waiting for the all-clear before buying back into stocks.
Dow surges 1,100 points, Nasdaq climbs more than 2% as tech rebounds from last week’s tumult: Live updates
U.S. stocks surged Monday with the Dow jumping 1,100 points and the S&P 500 posting its best day since April as tech rebounded from last week's selloff, though Nvidia fell 4.2% amid an investigation into CEO Jensen Huang.
Alphabet’s Wing to Build New Texas Factory for Delivery Drones
Alphabet-owned Wing is investing up to $125 million to build a new 15,000-square-foot drone manufacturing facility in Fort Worth, Texas.
Disney and Adobe are building generative AI tools together
Disney has named Adobe its official AI innovation partner under a multiyear pact to co-develop generative AI tools.
Waymo robotaxis kept illegally passing school buses after software fix, feds say
Federal regulators are investigating Waymo after its robotaxis continued passing school buses even following a software fix, opening a recall query covering 2,895 vehicles.