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Amazon jumps past Microsoft to take top spot on largest U.S. companies list

10:47 am ET January 7, 2019 (MarketWatch)
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Shares of Amazon.com Inc. (AMZN) ran up 2.5% in morning trade Monday, extending their 14% surge over the previous two weeks, enough to propel the e-commerce and cloud giant past Microsoft Corp. (MSFT) into first place on the list of largest U.S. companies by market capitalization. Amazon's market cap reached $789.2 billion, while Microsoft's stock (MSFT) edged up 054% to lift its market cap to $786.3 billion. Amazon's market cap is still well below its record of $993.2 billion reached on Sept. 4, which at the time was second to Apple Inc. (AAPL) at $1.1 trillion. Apple's stock was last unchanged with a fourth-place market cap of $703.6 billion. Google parent Alphabet Inc. shares (GOOGL) slipped 0.8% but its market cap was third at $744.2 billion. Amazon shares has shed 14.6% over the past three months, while the Dow Jones Industrial Average has lost 11.1%.

-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

January 07, 2019 10:47 ET (15:47 GMT)

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