Amazon Becomes Second Company To Hit $1 Trillion Market Cap

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Amazon market cap hit $1 trillion on Tuesday, becoming the second publicly traded U.S. company to reach the milestone valuation after Apple.

Shares of the e-commerce giant rose nearly 2 percent to a high of $2,050.50 in morning trading. The stock needed a price of $2,050.27 to reach the $1 trillion mark, based on an outstanding count of 487,741,189 shares in the company’s most recent quarterly report in July.

Amazon crossed the mark five weeks after Apple reached $1 trillion in early August after posting a strong quarterly report.

Read more at CNBC.

{Matzav.com}

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