Dow Jones Adds 5th Magnificent Seven Stock
Alphabet is set to join the Dow Jones Industrial Average, marking the addition of the fifth Magnificent Seven stock to the index.
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📍 How it ended
Alphabet was added to the Dow Jones Industrial Average, taking the place of Verizon, and the index’s “Magnificent Seven” group expanded to include a fifth member. The coverage concluded with the announcement of Alphabet’s inclusion and Verizon’s removal from the Dow.
Epilogue added 142d ago, after coverage quieted.
The brief
Alphabet, the parent company of Google, is joining the Dow Jones Industrial Average. This move results in the removal of Verizon from the index. Coverage indicates that Alphabet will become the fifth member of the so-called Magnificent Seven group to be included in the Dow.
Reporting from Barron's, MarketWatch, The Wall Street Journal, CNBC, and Investor's Business Daily emphasizes the shift in the index's composition. Outlets highlight the departure of Verizon as the primary change accompanying this update. Future developments will involve the formal transition of these stocks within the index.
Coverage does not yet specify the exact date for the implementation of these changes.
Synthesized by PULSE from the headlines below under a strict no-invention contract. ✓ fact-checked: all claims supported by sources Updated 144d ago.
Quick answers
Which company is leaving the Dow Jones Industrial Average?
Verizon is being removed from the index to make room for Alphabet.
How many 'Magnificent Seven' stocks are now in the Dow?
With the addition of Alphabet, there are now five stocks from the Magnificent Seven group in the index.
When will the change take place?
Coverage does not yet specify a date for when these changes will be implemented.
Coverage (5)
- Alphabet to Join Dow Jones Industrial Average, Replacing Verizon Barron's · 144d ago
- Alphabet’s stock is set to join the Dow. Here’s which company is getting the boot. MarketWatch · 144d ago
- Google-Parent Alphabet to Replace Verizon in Dow Jones Industrial Average WSJ · 144d ago
- Alphabet added to Dow Jones Industrial Average, replacing Verizon CNBC · 144d ago
- Dow Jones Adds 5th Magnificent Seven Stock Investor's Business Daily · 144d ago
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