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Amazon.com briefly becomes the most valuable company on Wall Street

Amazon rose as much as 4.7 percent, putting its market capitalisation at $865.0 billion

Reuters  |  San Francisco 

Amazon.com briefly became the most valuable company on Wall Street in intraday trade on Monday, days after Microsoft Corp dethroned long-time leader Apple Inc . Amazon rose as much as 4.7 percent, putting its market capitalisation at $865.0 billion. Apple traded up 2.1 percent, giving it a market capitalisation of $864.8 billion. Microsoft, which on Friday closed above Apple's market capitalisation for the first time in eight years, was up 0.9 percent, leaving its stock market value at $859.0 billion, third in the group. The tight race between the trio of high-powered ...

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First Published: Tue, December 04 2018. 01:19 IST
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