Alphabet Is Joining the Dow Jones Industrial Average. 3 Surprising Reasons Why SpaceX Could Be Next.

Alphabet Is Joining the Dow Jones Industrial Average. 3 Surprising Reasons Why SpaceX Could Be Next.

Key PointsAlphabet’s addition to the Dow shows how the venerable index is modernizing.A merger between SpaceX and Tesla could fast-track the combined company’s inclusion.But SpaceX will need to chart a path toward consistent profitability before the Dow would consider it.10 stocks we like better than Space Exploration Technologies › On June 23, S&P Dow Jones Indices announced that Alphabet would be replacing Verizon Communications in the Dow Jon…

Dow Jones goes in hard on Verizon

Verizon joined the Dow Jones Industrial Average in 2004, when AT&T was removed and the index needed a new telecommunications name. It held that seat for 22 years. S&P Dow Jones Indices revealed on June 23 that the seat now…

Alphabet (NASDAQ:GOOGL) addition to Dow hands Google stock a sevenfold index boost over Verizon (NYSE:VZ)

Alphabet Class A dropped 1.84% to $337.39 Friday on volume 361% above average as it prepares to replace Verizon in the Dow Jones Industrial Average Monday, giving it 7.2 times Verizon’s price impact, but recent AI talent departures and heavy AI spending weighed on shares, which fell 8.33% in five sessions and 11.29% in a month.