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Verizon Out, Alphabet In
Verizon is out of the Dow Jones after 22 years, making way for Alphabet—Google’s parent company—as the index shifts toward tech giants. With a $45 share price, Verizon had minimal influence; Alphabet’s $350 shares carry far more weight. The move reflects the Dow’s evolving focus on modern tech, though Verizon’s business remains strong with solid dividends. Short-term selling pressure may hit shareholders as funds rebalance, but history shows stocks removed from the Dow often rebound. This isn’t a warning sign—it’s just the index adapting to today’s economy. Support the show:Get a discount at…
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