Thursday, April 17, 2014   

Facebook joins Dow Jones S&P 500 index
(12-12 09:17)

Facebook shares will be added to the Dow Jones S&P 500 Index, a portfolio of stocks considered a barometer of the US market and even the overall economy.
It will replace chip testing equipment company Teradyne after the close of trading on the New York Stock Exchange on December 20, S&P Down Jones Indices said Wednesday.
Facebook shares gained nearly 4 percent to US$51 in after-market trades Wednesday.
Being added to the S&P 500 comes at the end of a year in which Facebook climbed out from the wreckage of its much-hyped but quickly panned stock market debut early in 2012.
Facebook has been on an upward cycle since earnings showed a jump in mobile advertising revenue. –AFP

   
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