Google parent Alphabet reclaims spot in $2 trillion valuation club

(Reuters) – Alphabet breached the $2 trillion market value mark for the first time since November 2021 on Friday, as investors cheered the Google parent announcing its first-ever dividend and a $70 billion stock buyback.

The stock was last trading up 11.7% at $173.55, after hitting a record high moments after the market opened.

(Reporting by Medha Singh in Bengaluru; Editing by Pooja Desai)