GRAPHIC -Wall Street's trillion-dollar club dwarfs Europe Inc [Reuters (UK)]
JP Morgan Chase & Co. (JPM)
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Source: Reuters
Wall Street's trillion-dollar club dwarfs Europe Inc - Reuters 3 Min Read LONDON (Reuters) - With Google parent Alphabet ( GOOGL.O ) becoming the latest entrant to Wall Street’s trillion-dollar club, Europe’s blue-chip companies are dwarfed by comparison â?? the most valuable firm from the “old continent”, Nestle, is worth just a third of that. Alphabet surged past the $1 trillion mark late on Thursday, joining Apple ( AAPL.O ), Microsoft ( MSFT.O ) and Amazon ( AMZN.O ), which had breached that level in 2018 before giving up some of those gains. Add Facebook ( FB.O ) (current worth: $630 billion) and you get a group with a combined market cap of $5.2 trillion, more than the combined $4.6 trillion value of the STOXX 50 European index .STOXX50 . (Graphic: Top five U.S. companies bigger than European blue-chip index click, here ) Comparing entire benchmark stoc indexes, the U.S. S&P 500 .SPX has a $27.5 trillion price tag, almost three times the $10.1 trillion on the pan-Europe
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