Shares of Google-parent Alphabet Inc. (GOOGL)(GOOGL) rallied 1.3% in afternoon trading, enough to put the internet giant on track to become the fourth member of the trillion dollar club. Alphabet's market-capitalization is now $1.004 trillion, according to FactSet data, as the stock heads for the highest close since Feb. 21. That was the last time Alphabet was in the 13-figure club ( ). The stock has to close above $1,464.94 to reach $1 trillion. Meanwhile, the stock was still 3.7% away from reaching its Feb. 19 record close of $1,524.87. Alphabet's market cap remains well behind those ahead of it, as Apple Inc. (AAPL) was first at $1.536 trillion, Microsoft Corp. (MSFT) was next at $1.504 trillion followed by Amazon.com Inc. (AMZN) at $1.325 trillion, with all three of those stocks trading at record highs. Meanwhile, the Nasdaq Composite rose 1.2% toward a record close, while the Dow Jones Industrial Average fell 26 points, or 0.5%, to be 8.1% below its Feb. 12 record of 29,551.42.
-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
June 10, 2020 15:46 ET (19:46 GMT)
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