Alphabet hits $3T market cap, Figure gains, meme stock rally

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It’s time for Yahoo Finance’s market minute.

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The Dow just below the flat line as the S&P 500 and Nasdaq holding near records.

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Investors expect the Fed to cut interest rates for the first time in nine months at Wednesday’s meeting.

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Alphabet shares are jumping, notching a fresh all-time high and officially joining the $3 trillion market cap club for the first time ever.

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The rise coming after city lifted its price target on the stock to $280 from 225, citing the adoption of its Gemini AI models across ads and cloud businesses.

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Shares of blockchain lender Figure are surging up around 18% as it kicks off its first full week of trading.

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The stock’s post IPO rally boosting it to an over $8 billion market cap.

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And meme stocks rallying as retail traders get in on the pre-fed decision market optimism.

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Open Door, GoPro, the OG meme stock GameStop, they’re all rising.

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And that’s your Yahoo Finance market minute. Scan the QR code below to track the best and worst performing stocks of the session.

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