Facebook stock added to Dow Jones S&P 500 index as shares top US$51
AFPSAN 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.
December 13, 2013, 12:13 am TWN
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.