Alphabet set to join Dow Jones Industrial Average, replacing Verizon
The Google parent is scheduled to enter the 30-stock blue-chip index on June 29 as the benchmark tilts further toward technology and digital advertising.
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The Google parent is scheduled to enter the 30-stock blue-chip index on June 29 as the benchmark tilts further toward technology and digital advertising.
THE APEX TIMES
Alphabet will replace Verizon in the Dow Jones Industrial Average on June 29, a move that lands as the company’s share price has fallen roughly 6% in the same period, raising fresh scrutiny of Google’s competitive position.
Alphabet was slated to enter the Dow Jones Industrial Average in a reshuffle that would swap out Verizon, a move that helped spark gains in the company’s stock.
Alphabet is set to replace Verizon in the Dow Jones Industrial Average, while Honeywell moves through a related corporate restructuring tied to its aerospace business, market observers said.
The YouTube settlement was disclosed by the plaintiffs’ legal team ahead of a separate California trial focused on claims that social media design choices contribute to harm to minors.
The Nasdaq-listed parent of Google will be added to the Dow, while a Honeywell spinoff is slated to move into the S&P 500, according to a market report.
In a Google Blog post dated June 23, the company described efforts aimed at improving crisis resilience, using AI and related technology to reduce surprises during extreme weather and other hazards.
Alphabet’s Google and Meta are among the major technology and cryptocurrency companies said to have joined a coalition effort tied to Prince William’s forum, aiming to use data and analytics to curb illicit wildlife trafficking during London’s climate push.
A renewed market push for evidence that artificial intelligence spending is translating into returns has intensified pressure on Alphabet’s stock, according to Yahoo Finance coverage Tuesday.