I'm LongbridgeAI, I can summarize articles.Alphabet Inc. (GOOGL) will replace Verizon Communications (VZ) in the Dow Jones Industrial Average (DJIA) effective June 29, 2026. Honeywell International (HON) remains in the index following its spin-off of Honeywell Aerospace. The change aims to broaden DJIA exposure to technology and digital services, with a divisor adjustment to prevent index distortion.
, /PRNewswire/ -- Alphabet Inc. (NASD:GOOGL) will replace Verizon Communications Inc. (NYSE:VZ) in the Dow Jones Industrial Average (DJIA) effective prior to the opening of trading on Monday, June 29, 2026. Dow Jones Industrial Average constituent Honeywell International Inc. (NASD:HON) is spinning off Honeywell Aerospace Inc. (NASD:HONA) in a transaction expected to be completed on June 29. Post spin-off, the Honeywell parent will remain in the DJIA under the new name Honeywell Technologies Inc. Honeywell Aerospace will not be included in the DJIA. Verizon represents only one-half of one percentage point of the DJIA due to its lower share price. The Dow Jones Industrial Average is a price weighted index, and thus persistently lower-priced stocks have an immaterial impact on the index.
Alphabet's diversified technology and digital services portfolio spans advertising, cloud infrastructure, artificial intelligence, hardware, autonomous mobility, healthcare technology, and media distribution. Adding Alphabet will broaden and strengthen the DJIA's exposure to these dynamic areas of the U.S. economy. Its larger market capitalization and share price, together with the breadth of its businesses, make it a more representative Communication Services constituent in the DJIA.
The divisor used to calculate the index from the components' prices on their respective home exchanges will be changed prior to the opening on June 29, 2026. This procedure prevents any distortion in the index's reflection of the portion of the U.S. stock market it is designed to measure. The new divisor can be found in the end-of-day index level files (*.SDL) via the S&P Dow Jones Indices FTP (EDX) site beginning on Friday, June 26, 2026.
Following is a summary of the change that will take place prior to the open of trading on the effective date:
Effective Date | Index | Action | Company Name | Ticker | GICS (Global Industry |
June 29, 2026 | DJIA | Addition | Alphabet | GOOGL | Interactive Media & Services |
June 29, 2026 | DJIA | Deletion | Verizon Communications | VZ | Diversified Telecommunication |
ABOUT S&P DOW JONES INDICES
S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has been innovating and developing indices across the spectrum of asset classes helping to define the way investors measure and trade the markets.
S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit www.spglobal.com/spdji/en/.
FOR MORE INFORMATION:
S&P Dow Jones Indices
index_services@spglobal.com
Media Inquiries
spdji.comms@spglobal.com
SOURCE S&P Dow Jones Indices