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Top related persons:
Trump - 2 Tesla - 1 Donald Trump's - 1 Elon - 1 Apple - 1 megacaps - 1 Andrew Ferguson - 1 Lina Khan - 1
Top related locs:
Menlo Park , California Lago Florida U.S Washington ,
Top related orgs:
Nasdaq - 2 Apple - 2 Meta - 2 Microsoft - 1 Nvidia - 1 Federal Trade Commission - 1 Fundstrat Global Advisors - 1 Federal - 1

Search resuls for: "tech's megacaps"


2 mentions found


☆ Alphabet and Tesla reach fresh records, joining Amazon and Meta and pushing Nasdaq past 20,000
  + stars: | 2024-12-11 | by ( Ari Levy | ) www.cnbc.com   time to read: +3 min
Alphabet and Tesla climbed to fresh records on Wednesday, closing at all-time highs alongside Amazon and Meta as the tech megacaps lifted the Nasdaq past 20,000 for the first time. Alphabet closed at $195.40 on Wednesday, topping its prior high of $191.18, which it reached on July 10. Shares of the electric vehicle maker jumped almost 6% on Wednesday to $424.77, climbing above their prior closing high of $409.97 on Nov. 4, 2021. Amazon, Apple and Meta have all been regularly reaching new highs, though Apple slipped 0.5% on Wednesday. The outsized weighting of tech's megacaps has pushed the Nasdaq to a 33% gain for the year.
Persons: Tesla, Donald Trump's, Elon, Apple, megacaps, Trump, Andrew Ferguson, Lina Khan, Ferguson, Tom Lee, CNBC's, Lee, That's Organizations: Nasdaq, Apple, Meta, Microsoft, Nvidia, Federal Trade Commission, Fundstrat Global Advisors, Federal, of Labor Statistics
☆ Meta shares rise on potential TikTok ban in U.S., closing at record alongside Amazon
  + stars: | 2024-12-06 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com   time to read: +3 min
Mark Zuckerberg, CEO of Meta Platforms Inc., arrives for the Meta Connect event in Menlo Park, California, on Sept. 25, 2024. Meta shares continued their extended rally on Friday, rising 2.4% and closing at a record after a federal appeals court upheld a law requiring China's ByteDance to sell TikTok or face an effective U.S. ban. Alongside Meta, Amazon also closed at an all-time high on Friday and is up 49% this year. TikTok said later Friday that it will ask the U.S. Supreme Court to overturn the appeals court decision. In its third-quarter earnings release, Meta reported a 19% increase in year-over-year revenue while warning of a significant acceleration in its infrastructure expenses in 2025.
Persons: Mark Zuckerberg, China's, tech's megacaps, Donald Trump, Zuckerberg, Trump, Joe Biden, TikTok, Meta Organizations: Meta, Inc, Amazon, Apple, Nasdaq, Fox News, Google, U.S ., Washington , D.C, Supreme Locations: Menlo Park , California, Lago, Florida, U.S, Washington ,
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