Egypt, Jordan launch high-capacity Coral Bridge submarine cable    Egyptian pound shows stability vs. USD in early trade    Egypt's PM heads to Japan for TICAD 9 Africa development summit    National Council for Childhood reviews plan to combat child labour    Egypt's Supreme Organ Transplant Committee strengthens oversight, standards    African agribusiness market expected to reach $1tr by 2030    Price cuts underway across Egypt, says trade federation report    Zelenskyy seeks US security guarantees as Trump says he can 'end war now'    Israelis protest for hostage deal amid growing pressure on Netanyahu    Serbia's Vucic vows 'tough measures' against protesters after unrest    Egypt's FM, Palestinian PM visit Rafah crossing to review Gaza aid    Egypt delivers over 30 million health services through public hospitals in H1 2025    Egypt recovers collection of ancient artefacts from Netherlands    Egypt harvests 315,000 cubic metres of rainwater in Sinai as part of flash flood protection measures    Egypt, Namibia explore closer pharmaceutical cooperation    Fitch Ratings: ASEAN Islamic finance set to surpass $1t by 2026-end    Renowned Egyptian novelist Sonallah Ibrahim dies at 88    Egyptian, Ugandan Presidents open business forum to boost trade    Al-Sisi says any party thinking Egypt will neglect water rights is 'completely mistaken'    Egypt's Sisi warns against unilateral Nile measures, reaffirms Egypt's water security stance    Egypt's Sisi, Uganda's Museveni discuss boosting ties    Egypt, Huawei explore healthcare digital transformation cooperation    Egypt's Sisi, Sudan's Idris discuss strategic ties, stability    Egypt's govt. issues licensing controls for used cooking oil activities    Egypt to inaugurate Grand Egyptian Museum on 1 November    Egypt's Sisi: Egypt is gateway for aid to Gaza, not displacement    Greco-Roman rock-cut tombs unearthed in Egypt's Aswan    Egypt reveals heritage e-training portal    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Facebook's Stock-market Valuation tops $230 billion on Friday
Published in Amwal Al Ghad on 21 - 03 - 2015

Facebook Inc.'s stock rallied to an all-time high on Friday, propelling the social network's market valuation into the top 10 among all S&P 500 companies.
The stock FB, +1.27% climbed 7.4% on the week, its biggest weekly gain in eight months. That boosted Facebook's market capitalization by $16.1 billion to $231.6 billion, according to FactSet, passing blue-chip bank J.P. Morgan Chase & Co. JPM, +0.90% , at $228.2 billion, in the process. Next up: General Electric & Co. GE, +0.28% GE, +0.28% , at $255 billion.
The following is a table of the top 10 companies by market cap in the S&P 500 SPX, +0.90% the benchmark index that comprises 500 of the biggest U.S. companies:
10 largest S&P 500 companies by market capitalization
Company (ticker)
Market cap (billions)
Apple Inc.* (AAPL)
$742.6
Google Inc. (GOOGL)
$381.7
Berkshire Hathaway Inc. (BRK.B)
$357.6
Exxon Mobil Corp.* (XOM)
$354.1
Microsoft Corp.* (MSFT)
$346.9
Wells Fargo & Co. (WFC)
$285.6
Johnson & Johnson* (JNJ)
$282.8
Wal-Mart Stores Inc.* (WMT)
$262.8
General Electric* (GE)
$255
Facebook Inc. (FB)
$231.6
*Dow Jones Industrial Average components
Source: FactSet
The 10 companies with market caps just below Facebook's includes six current Dow Jones Industrial Average DJIA, +0.94% components and one former Dow member.
The 11th through 20th largest S&P 500 companies by market capitalization
Company (ticker)
Market cap (billions)
J.P. Morgan Chase & Co.* (JPM)
$228.2
Procter & Gamble Co.* (PG)
$225.2
Pfizer Inc.* (PFE)
$209.7
Verizon Communications* (VZ)
$204.9
Chevron Corp.* (CVX)
$196.9
Oracle Corp. (ORCL)
$193.9
Walt Disney Co.* (DIS)
$182.5
Coca-Cola Co.* (KO)
$174.8
Amazon.com Inc. (AMZN)
$173.3
AT&T Inc.** (T)
$172.3
*Dow industrial component
**Removed from Dow industrials March 18
Source: FactSet
Facebook's market cap now stands above those of 24 of the 30 components of the DJIA.
Source: MarketWatch


Clic here to read the story from its source.