S&P Dow Jones Indices announced that Alphabet Inc. will replace Verizon Communications Inc. as a constituent of the Dow Jones Industrial Average, with the change taking effect on June 29, 2026. This marks the first alteration to the 30‑stock price‑weighted index since November 2024, when Nvidia Corp. and Sherwin‑Williams Co. succeeded Intel Corp. and Dow Inc., respectively. The Dow, first launched in May 1896, tracks the largest U.S. companies across all sectors and assigns weight based on share price; consequently, Verizon’s lower share price contributed only about half a percentage point to the index’s overall value. Alphabet’s inclusion is justified by its diversified portfolio spanning advertising, cloud infrastructure, artificial intelligence, hardware, autonomous mobility, healthcare technology, and media distribution, which broadens and strengthens the index’s exposure to dynamic areas of the U.S. economy. According to CompaniesMarketcap.com, Alphabet’s market capitalization stood at $4.22 trillion, vastly exceeding Verizon’s $195.12 billion, underscoring a more representative Communication Services constituent. Additionally, S&P Dow Jones Indices confirmed that following the spin‑off of Honeywell Aerospace, the parent company will remain in the Dow under the new name Honeywell Technologies, while Honeywell Aerospace will not be included in the index.