Alphabet Closes Above $2 Trillion Market Cap for the First Time

Alphabet ‘s market value closed above the $2 trillion level for the first time on Friday, spurred higher by better-than-expected financial results and a well-received new capital allocation plan, including a quarterly dividend of 20 cents per share and a $70 billion stock repurchase program. Alphabet shares rallied 10.2% in the week’s final session. It’s the fourth company in history to reach the $2 trillion milestone, joining the ranks of Apple Microsoft, and Nvidia.