Alphabet Adds $168 Billion on Dow Debut as Indexes Shake Off Volatility
Key takeaways
- GOOGL ^IXIC VZ NVDA ^GSPC The Nasdaq Composite (NASDAQINDEX: ^IXIC) rose 1.3% by 11:45 a.m.
- In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia.
- Google parent Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) made its Dow debut in style, rising 4% and adding $168 billion in market cap.
GOOGL ^IXIC VZ NVDA ^GSPC The Nasdaq Composite (NASDAQINDEX: ^IXIC) rose 1.3% by 11:45 a.m. ET on Monday. The tech-heavy index recovered from a mid-morning sell-off that briefly pushed it down to flat. Meanwhile, the S&P 500 (SNPINDEX: ^GSPC) gained 0.7% and the Dow Jones Industrial Average (DJINDICES: ^DJI) added 0.4%.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Google parent Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) made its Dow debut in style, rising 4% and adding $168 billion in market cap. IT replaced Verizon (NYSE: VZ), which fell 7% on the same news. Ironically, Alphabet created more market value today than Verizon is worth overall.