Amazon.com Inc. (AMZN) shares rallied Monday to unseat Microsoft Corp. (MSFT) as the most valuable U.S. company based on market capitalization. Amazon shares surged 3.4% to close at $1,629.51 for a market cap of $796.78 billion, while shares of Microsoft ticked 0.1% higher to close at $102.06 for a market cap of $783.57 billion. Microsoft had unseated Apple Inc. (AAPL) as the most valuable U.S. company at the end of November (http://www.marketwatch.com/story/microsoft-surpasses-apple-as-most-valuable-us-company-2018-11-30). Over the past six trading days, Amazon's stock has rallied more than 11% to catapult the company from fourth place to first after tacking on $74.1 billion in market cap, according to Dow Jones data. Apple closed in fourth place at $701.99 billion following a 0.2% decline, and Alphabet Inc. (GOOGL)(GOOGL) held in third place with a cap of $745.63 billion after Monday's 0.2% decline. In Monday's broader market, the Dow Jones Industrial Average rose 0.4%, the S&P 500 index advanced 0.7%, and the tech-heavy Nasdaq Composite Index gained 0.9%.
-Wallace Witkowski; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
January 07, 2019 16:27 ET (21:27 GMT)
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