Amazon Finally Closes Above $1 Trillion After Months of Flirting
- After a few tries, stock closes above milestone for first time
- Apple and Microsoft also trade with 13-digit valuations
This article is for subscribers only.
Amazon.com Inc. closed with a valuation above $1 trillion for the first time on Tuesday, after failing to hold above that threshold through the end of a trading day in the previous two sessions.
The stock closed up 2.3%, with the e-commerce company ending the day with a market cap of $1.021 trillion. Amazon briefly joined the 13-digit club on Friday, with shares surging in the wake of a blowout earnings report, but the stock closed off its high and ended with a valuation of $999.96 billion. The pattern repeated on Monday, with an intraday bounce above the level failing to hold.