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Amazon, Not Alphabet, May Be Next S&P 500 Stock at $1,000

Photographer: JOHN MACDOUGALL/AFP via Getty Images Inc. has put itself in a position to become the S&P 500 Index’s second stock to cross the $1,000 threshold, thanks to a record-setting rally. Shares of the online retailer topped $800 for the first time on Thursday, and the advance narrowed a price gap between Amazon and the voting shares of Alphabet Inc., Google’s owner. Priceline Group Inc. is now the only S&P 500 component with a four-digit price tag on its stock.