Facebook Inc. is now the sixth most valuable company by market capitalization in the S&P 500, moving up one notch in the wake of blowout first-quarter results. The stock soared $10.47, or 9.6%, in morning trade Thursday, to boost Facebook’s market cap by $29.07 billion to $339.81 billion. That takes it above Johnson & Johnson ; the consumer product giant’s stock is shedding 0.5% Thursday, to knock the market cap down to $309.60 billion from $311.06 billion on Wednesday. The next hurdle for Facebook is Berkshire Hathaway Inc. , with a market cap of about $362.50 billion. Above that is Exxon Mobil Corp. , Microsoft Corp. , Alphabet Inc. and Apple Inc. .
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News