Market cap shift: Mondelez surpasses CRH

What happened: Mondelez International, the global snack food giant, has surpassed Irish building materials company CRH in market capitalization. As of recent trading, Mondelez's market cap stands at approximately $78.5 billion, while CRH's is around $77.8 billion.

Market impact: This shift in market capitalization reflects investors' growing confidence in Mondelez's snack food portfolio, which includes brands like Oreo and Cadbury. Meanwhile, CRH's valuation may be impacted by ongoing concerns about the global construction sector's outlook. Mondelez's rise could influence investment decisions in the consumer staples sector, while CRH's relative decline may affect the materials sector.

What to watch next: Mondelez's next earnings report, scheduled for late April, will provide insights into the company's growth prospects and could influence its market capitalization. Additionally, any significant changes in global construction activity or sentiment could impact CRH's valuation and market cap ranking.