You are here: Home » International » News » Markets
Business Standard

Wall St turmoil: Amazon's market value on verge of beating out Microsoft

Microsoft lost about 3.1 percent over the three sessions ended Tuesday

Reuters 

Amazon.com Inc on Wednesday was on the verge of ending the day with a stock market value higher than Microsoft Corp’s for the first time, as the online shopping behemoth weathered the recent turmoil on Wall Street. Amazon’s stock was down 1.14 percent, bringing its market capitalization to $690.4 billion, while software maker Microsoft’s 1.83 percent fall depressed its market capitalization to $690.3 billion. Bolstered by blockbuster quarterly results, Amazon’s stock gained 3.8 percent over the three sessions ended Tuesday, even as Wall Street struggled through a ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Fri, February 09 2018. 00:24 IST
RECOMMENDED FOR YOU