Verizon is being removed from the Dow Jones Industrial Average and replaced by Google parent Alphabet at the opening bell Monday, June 29. Because the Dow is price-weighted, Alphabet’s higher share price gives it more influence, and Dow-tracking funds will sell Verizon and buy Alphabet. For dealers, this isn’t about day-to-day network performance—it’s a headline signal that Wall Street is prioritizing AI, cloud computing, and mobile advertising over legacy telecom in “market