Amazon overtakes Microsoft as most valuable US firm amid market turmoil

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Amazon overtakes Microsoft as most valuable US firm amid market turmoil
Amazon overtakes Microsoft as most valuable US firm amid market turmoil

Amazon has eclipsed Microsoft as the most valuable publicly traded company in the US as a see-sawing stock market continues to reshuffle corporate America’s pecking order.The shift occurred on Monday after Amazon’s shares rose 3% to close at $1,629.51 and lifted the e-commerce leader’s market value to $797bn.Microsoft’s stock edged up by less than 1% to finish at $102.06, leaving the computer software maker’s value at $784bn.– Press Association
Source: Business News