Alphabet hits a milestone, joins Apple and Microsoft in the $1 trn club

Alphabet hit a milestone on Thursday, as a rally in the stock took it above a $1 trillion valuation for the first time, solidifying the dominance of technology and internet stocks as the biggest titans of Wall Street.
 

Shares rallied in the last half hour of trading to close at $1,450.16, up 0.8 per cent on the day.
 

With the gain, Alphabet became the newest member of an elite club to trade with the historic 13-digit market capitalisation. Only two other US names are past the threshold: Apple, valued at about $1.38 trillion, and Microsoft , at $1.27 trillion. Globally,