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StocksMedium•29 June 2026•

1 min read

Alphabet Joins Dow Jones, Shares Jump 5% on Tech Shift

Key Facts

1Alphabet shares rose about 5% on Monday after officially joining the Dow Jones Industrial Average.

2Alphabet replaced Verizon in the 30-stock benchmark.

In a move reflecting the Dow's shift toward technology and artificial intelligence, Alphabet (GOOG) officially joined the Dow Jones Industrial Average. According to reports, Alphabet shares rose about 5% on Monday after joining the 30-stock benchmark. The company replaced Verizon Communications (VZ) in the index.

Per market data, GOOG closed at $348.48 (close June 29, 2026), while Verizon closed at $46.54 (close June 26). The change underscores the Dow's increasing exposure to tech and AI giants, potentially attracting further index fund inflows and positive sentiment.

At current levels, Alphabet shares trade near the session high of $349.73 and low of $338.81. Investors are watching for upcoming quarterly results and the effect of the index rebalancing on portfolio allocations by tracking funds.