Facebook stock added to Dow Jones S&P 500 index as shares top US$51
December 13, 2013, 12:13 am TWN
SAN FRANCISCO -- Facebook shares will be added to the Dow Jones S&P 500 Index, a portfolio of stocks considered a barometer of the market and even the overall U.S. economy.
The world's leading online social network will replace chip testing equipment company Teradyne after the close of trading on the New York Stock Exchange on Dec. 20, S&P Down Jones Indices said Wednesday in a release.
Facebook shares rose nearly four percent to top US$51 in after-market trades on 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.