After Apple, Amazon hits $1 trillion market value milestone

Amazon shares hit the $2050.2677 level to give its stock a value of $1 trillion.

By Reuters  
Tuesday, September 4, 2018

Amazon.com Inc on Tuesday became the second US company to reach $1 trillion in stock market value, just weeks after Apple Inc hit the same milestone on August 2. Shares in the world's largest online retailer last traded up 1.4 per cent at $2,041.68. Its shares hit the $2050.2677 level to give its stock a value of $1 trillion.

Amazon crossed the $2,000 threshold for the first time on August 30 after doubling its price in just 10 months. Amazon shares first hit $1,000 on October 27, 2017. It first reached $100 on October 23, 2009.

Related Stories

Sri Lanka blasts: From Jacqueline Fernandez to R Madhavan, celebrities call for swift action, peace
Sri Lanka blasts: From Jacqueline Fernandez to R Madhavan, celebrities call for swift action, peace
Sri Lankan government orders curfew after 8 blasts rock the country
Sri Lankan government orders curfew after 8 blasts rock the country
Sri Lanka blasts: Two more explosions rock Colombo hours after serial blasts
Sri Lanka blasts: Two more explosions rock Colombo hours after serial blasts

Latest Stories

From SpiceJet to Air India, here's how rivals plan to hire Jet Airways employees at lower pay offers
From SpiceJet to Air India, here's how rivals plan to hire Jet Airways employees at lower pay offers
Quarterly earnings to steer markets this week, say analysts
Quarterly earnings to steer markets this week, say analysts
India must complete its reform process in the coming five years, says economist Arvind Panagariya
India must complete its reform process in the coming five years, says economist Arvind Panagariya
SPONSORED