Alphabet Adds $168 Billion in Market Cap on Dow Debut

Industry
โดย The Motley Fool·Read original
Summary · why it matters

Alphabet gained 4% and added $168 billion in market value on its first day in the Dow Jones Industrial Average, replacing Verizon which fell 7%. The Nasdaq Composite rose 1.3% and the S&P 500 added 0.7% as markets recovered from a mid-morning sell-off triggered by a Supreme Court ruling on presidential power. Amazon climbed 4.7% after reporting $26.4 billion in U.S. Prime Day sales, a 9.3% increase from last year. Tesla rose 4.5% on reports of deeper collaboration with SpaceX, while Applied Materials surged 9.8% following positive analyst comments. Oil prices rose 1.3% amid ongoing tensions in the Strait of Hormuz.

Impact on stocks 8

Artificial Intelligence▲ · 3 stocks
Amazon.com Inc
AMZN
▲ PositiveDemandrelevance

Reported $26.4 billion in U.S. Prime Day sales, a 9.3% increase from last year.

Alphabet Inc Class C
GOOG
▲ PositiveCapitalrelevance

Gained 4% and added $168 billion in market value on its first day in the Dow Jones Industrial Average.

Cloud & Digital Infrastructure▼ · 2 stocks
Semiconductors▲ · 1 stocks
Electrification & Mobility▲ · 1 stocks
Tesla Inc
TSLA
▲ PositiveTechnologyrelevance

Rose 4.5% on reports of deeper collaboration with SpaceX.

Space Economy▲ · 1 stocks
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