TECHNOLOGY

Amazon tops $1 trillion in stock market value

The logo of Amazon is seen at the company logistics centre in Boves. (Reuters)

Amazon became the second big US company to hit $1 trillion in stock market value in the latest demonstration of the rising clout of American technology heavyweights.

The online retail giant breached the $1 trillion valuation near 1540 GMT when it’s share price hit $2,050.50. The Amazon landmark comes about a month after Apple hit the $1 trillion level.

Amazon retreated slightly after hitting the milestone, and near 1545, it was up 1.3 percent to $2,038.71.

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Last Update: Tuesday, 4 September 2018 KSA 18:59 - GMT 15:59
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