Shares of Google-parent Alphabet Inc. (GOOGL)(GOOGL) dropped 1.4% in midday trading, putting the internet giant in danger of dropping out of the trillion-dollar club for the second time since it joined two weeks ago ( ). Alphabet's market capitalization was now at $989.4 billion, which currently makes it the fourth-most valuable U.S. company. Amazon.com Inc. (AMZN) leapfrogged Alphabet to third place on Thursday ( ), as the e-commerce and cloud giant's stock soared 8.9% to lift the market cap to $1.01 trillion after a blow-out earnings report. After Alphabet entered the trillion-dollar club for the first time on Jan. 16, it briefly dropped out for one day on Jan. 27 before joining again. The others in the club are Microsoft Corp. (MSFT) with a market cap of $1.30 trillion and Apple Inc. (AAPL) with a market cap of $1.38 trillion.
-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
January 31, 2020 12:21 ET (17:21 GMT)
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