Alphabet public market capitalization tops US$1 trillion

Alphabet public market capitalization tops US$1 trillion

The public market capitalization of Google parent Alphabet topped the US$1 trillion mark shortly before the close of trading on Thursday, making it the fourth S&P 500 component to top the lofty level.

FILE PHOTO: Google logo on office building in Irvine, California
FILE PHOTO: The Google logo is pictured atop an office building in Irvine, California, U.S. August 7, 2017. REUTERS/Mike Blake

NEW YORK: The public market capitalization of Google parent Alphabet topped the US$1 trillion mark shortly before the close of trading on Thursday, making it the fourth S&P 500 component to top the lofty level.

The company joined Microsoft, Amazon.com and Apple in crossing the threshold as its shares closed up 0.76per cent at US$1,450.16 on the session.

(Reporting by Chuck Mikolajczak; Editing by Chris Reese)

Source: Reuters

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