Alphabet added to Dow Jones Industrial Average, replacing Verizon

Alphabet will replace Verizon in the Dow Jones Industrial Average, S&P Global said Tuesday, further expanding megacap technology’s presence in the blue-chip average.

S&P Global said the Google parent would take the spot in the 30-stock index ahead of the start of Monday’s trading.

Honeywell would remain in the Dow following the completion of its spin off of Honeywell Aerospace, S&P Global said. But the spun-off company would not be in the index, the company said.

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