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Amazon stock market value on the verge of eclipsing Microsoft

Microsoft fell 2.2 per cent to $92.97, trimming its market capitalization to about $711 billion

Reuters 

Amazon.com Inc's shares surged on Friday, pushing its stock market value above $700 billion and threatening to eclipse Microsoft Corp, a day after the online retailing behemoth reported blockbuster results. Amazon's stock was up 3.7 per cent at $1,441 per share in afternoon trade, on track for a record high close and putting its market capitalization at $701 billion. The stock traded as high as $1,498. Microsoft fell 2.2 per cent to $92.97, trimming its market capitalization to about $711 billion. Apple Inc, the world's most valuable listed company, was worth $827 ...

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First Published: Sun, February 04 2018. 00:30 IST
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