- 3 Nov 2010
- Reaction score
Amazon’s stock was down 1.14 percent, bringing its market capitalization to $690.4 billion, while software maker Microsoft’s 1.83 percent fall depressed its market capitalization to $690.3 billion.
Bolstered by blockbuster quarterly results, Amazon’s stock gained 3.8 percent over the three sessions ended Tuesday, even as Wall Street struggled through a rout that has raised fears that a nine-year bull market may be ending.
Microsoft lost about 3.1 percent over the three sessions ended Tuesday.
Amazon’s market cap at points on Wednesday during intraday trade already topped that of Microsoft, but it has never closed at a higher value.
Amazon's market value on verge of beating out Microsoft