Alphabet Stock Jumps 3%: Google Parent Replaces Verizon in Historic Dow Jones Milestone
Google parent Alphabet Inc (NASDAQ: GOOG ) (NASDAQ: GOOG ) stock traded higher by over 3% on Monday as risk appetite stays firm in big-cap tech. Alphabet will replaced Verizon Communications Inc (NYSE: VZ ) in the Dow Jones Industrial Average before trading opened today. The change gives the Dow greater exposure to mega-cap technology stocks and the AI trade. Reportedly, Verizon had lost influence in the price-weighted index due to its lower share price, which represented just 0.5% of the Dow. Technical Analysis From a trend perspective, GOOG is still in a longer-term uptrend, up 94.71% over the past 12 months and holding about 10% above its 200-day SMA ($313.87). At the same time, the stock is trading 3.3% below its 20-day SMA ($357.16) and 5.9% below its 50-day SMA ($366.88), which keeps the near-term posture more in "repair mode" than in breakout mode. The 20-day SMA below the 50-d...
Google parent Alphabet Inc (NASDAQ: GOOG ) (NASDAQ: GOOG ) stock traded higher by over 3% on Monday as risk appetite stays firm in big-cap tech. Alphabet will replaced Verizon Communications Inc (NYSE: VZ ) in the Dow Jones Industrial Average before trading opened today. The change gives the Dow greater exposure to mega-cap technology stocks and the AI trade. 5% of the Dow.
87). 88), which keeps the near-term posture more in "repair mode" than in breakout mode. The 20-day SMA below the 50-day SMA is a bearish crossover that often signals that rallies are being sold sooner than they were earlier in the trend. Earnings & Analyst Outlook Looking further out, the next major catalyst for the stock arrives with the July 22, 2026 (estimated) earnings report.
67. 93% Weight Significance: Because GOOG carries such a heavy weight in these funds, any significant inflows or outflows will likely trigger automatic buying or selling of the stock. 59 at the time of publication on Monday, according to Pro data. Image via Shutterstock Read Also: Why Apple Just Suffered Its Worst Crash In Over A Year