Alphabet Replaces Verizon in the Dow as the Index Bets Bigger on AI

On June 29, Alphabet replaces Verizon in the Dow Jones Industrial Average, tilting the price-weighted benchmark harder toward the AI trade than ever before. The swap lands just as Wall Street questions whether the enormous spending behind that trade will pay off.

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Covers Alphabet added to Dow Jones Industrial Average, replacing Verizon