Automated Investing Funds Will Dump $35 Billion in Verizon, Buy Alphabet on June 29

Millions of people own the Dow through funds that automatically copy its holdings. On June 29, those funds must sell roughly $35 billion in Verizon stock and buy Alphabet to match a swap in the index itself. They have no choice in the matter. The sheer size of the forced sale and purchase will push Verizon's price down and Alphabet's up in the days surrounding the trade.